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

To: Byram who wrote (19570)	6/1/1998 11:33:00 AM
From: SE	Read Replies (1) \| Respond to of 94695

David says we are in the big 3 down wave and it started on Friday around 10 am. I think maybe we are in the wave 3 down, but it did not start until Friday around 2 pm. If this is correct, we are in the wave 2 of 3, the ABC up wave. Once this ends, and it will end shortly, then we are in 3 of 3 down, the creme de la creme of waves. I see the wave 2 ending on the OEX at about 531 or so, which means 3 of 3 begins any moment. That is my alternative wave count. I am merely a rookie in a professionals game, so don't take what I say too serious! :) -Scott

To: Byram who wrote (19570)	6/1/1998 12:01:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Byram; Thanx..I have not looked but better..that's the one signal that don't fail, what you posted indicates a short term top is real close, it's not so much the numbers as the fact they go opposite direction, but small traders are getting nickel and dime to death as the trading ranges stay close that if you don't hit them right on the spread and commissions get you..beyond the tick we have falling interest rates that will offer some support..it's like slow torture. <G> Both Bulls and Bears get traped and time premium eats up the options. Jim