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

To: Bull RidaH who wrote (24039)	8/12/1998 9:08:00 AM
From: jef saunders	Respond to of 94695

hi David. i REALLY appreciate you sending me this update in the morning ! the last dream i had this morning was that the s+p was up 130 points today, on the open !! ok, i think i'll just keep holding my puts then here today, and i don't even think i'll look so i don't churn my stomach. (as well, my girlfriend's secretary is out, so i'm going to leave the homefront today and go do a day of honest work). all my puts are october now, so as long as the next move breaks us down towards 8000 as oppposed to up to 8900, i'll be ok, and will show a profit. i'll look to load up on puts with the rest of my account thursday a.m. thanks for being so kind to take the time to keep me updated on this. actually, i don't know why you're being so good to me. i hope there's something i can do to help you someday. thx, jef

To: Bull RidaH who wrote (24039)	8/12/1998 10:40:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 94695

David, my read is that we have now completed wave 3 up from yesterdays lows. A good place to reverse would be on the declining tops line from the peak which comes in around 1090-1097. bb

To: Bull RidaH who wrote (24039)	8/12/1998 10:50:00 AM
From: donald sew	Respond to of 94695

David, My short-term indicators are now in the middle and it would take 3-4 days for it to become a CLASS SELL, that is not to say that it could not reverse before the technicals get to SELL status. So a THUR top falls within a day of my timing scheme. I also see the first resistance as Friday's highs of 8710, 1103, 543 (DOW,SPX,OEX). As long as we dont see a rally above 1120/8850, we should start to head down by latest Friday/Monday to at least retest the recent lows. Just hope we can get some strength in a rally today/tomorrow to give a better sell signal. David,what would your E-waves say if we only remain flat for the next few days (plus or minus 30 DOW points). Seeya