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


To: HighTech who wrote (23642)8/8/1998 8:52:00 PM
From: HighTech  Respond to of 94695
 
Regarding Plonk's calls. Some claim they are right most of the time. Others say he's missed big calls and big whales turning over. I don't give a rip. I see diligence, hard work and appreciate his input. If you think he is wrong all the time, go against him and make big money. If you think he is right all the time, you are wrong. If you rely on others solely for investment decisions, you are wrong. Do your own work. But, roadmaps and others' work whether it be E-wave, hot mama or bureau of Indian Affairs, I like the input and let em alone. There is some validity in everyone's analysis. Just need to find that portion which is most valid and reliable. Can't do that if we run everyone off who has the crystals to put it on the line.

Can't wait for next week. Up? Down?

HiTech



To: HighTech who wrote (23642)8/10/1998 8:02:00 PM
From: Bull RidaH  Read Replies (2) | Respond to of 94695
 
HiTech,

Current thoughts excerpted from a post to a dear friend:

"The progression of c of 4 looks pretty weak so far. I believe it started around 11:00 am today, and it made it's first wave up into todays highs, which narrowed into a wedge as wave 1's often do, then dove into a wave 2 selloff into the close. Wave 1 of c actually covered a good bit of ground, but it looks to me like they're taking too much time for this to turn into a sizeable c wave rally. Right now, I believe 1100 will contain this c wave rally, which I believe will complete by 1pm on Tuesday. But if it gets out of hand tonight in globex (to the upside), heck, it could clear 1100 I guess."

We may very well be greeted by a 3 of c rally in the morning, so don't be surprised by a nice gap up in the morning. This should be followed by some sideways to down action (wave 4 of c), then we go a little higher in a 5th wave last gasp of the last gasp rally. This little rally will conclude c of 4 , and then, I'll be looking for the 5th wave down of 1 of A to begin, which should be well worth the price of admission.

Regards,

David