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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: tide who wrote (18663)	5/18/1998 7:07:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Tide, will be swimming in hi tide liquidity manana, don't do candlesticks or windows (MAC -g-) I'm looking at DAL on an elliot wave basis and the spike before the last big drop looks like 5 to me. That would make this sideways consolidation period wave 2 when that is done which I think will be withing the next 1-3 days, it will enter wave 3 down, wave 3's are the longest price moves. TRANS/XAL lead the market up in January out an ascending triangle and it's leading the market down (utilities ain't so hot either). This will add to the already weakening market internals. So if you can't stomach going long on this 5th wave blow-off top. DAL IMHO would be a good short candidate. I think it will float on the air of liquidity to 113-4 and that would be a good spot to short. All buy and sell decisions are your own. cheers and good TIDEings -g- bobby b