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

To: SE who wrote (19444)	5/29/1998 10:57:00 AM
From: Bull RidaH	Read Replies (4) \| Respond to of 94695

Scott, The market activity this morning brings about an even more bearish scenario to the forefront. The S&P's breaking and holding above 1100 means we can't be in wave 4, as wave 4's never overlap into the wave 1 area in waves of this degree. What this means is we are in an extended wave 3 down of C, and today's high was only the completion of 2 of 3 of C. This means we are in 3 of 3 of C right now, and I expect big down today across the board. My next post will break the count into detail. I'd be adding to short positions as we speak. Regards, David