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

To: HairBall who wrote (24363)	8/15/1998 12:16:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

LG, Yeah... I know I have some more work to do to overcome that "right more than wrong" issue, but I think some might see SOME improvement since my April debacle.<g> I have the tools and know how, I just sometimes don't do "A" grade homework, which gets me in trouble. But this current analysis is built on hours of studying from every angle, and has confirmation from many different indicators, which I'll cover on a follow up post. Let's face it... If you can't be specific in your forecast, how can it benefit anybody... including yourself. I'll tell you and the world upfront: We see 1012 SPX by Tuesday a.m. around 10am, and I'm covering substantial short positions and going long. THAT is TRADEABLE. And it will also allow you and the rest of the thread to see if I'm progressing in my ability to call major, tradeable turns and the timing thereof, which is what this game is all about. As for Monday, I, like you, am expecting a potential head fake up. The question is from where it will begin. Will it come right at the open?... Or will they let it break support first, letting people push the panic button, then fake up? Either case could arise, but I strongly suspect that any fake up will be halted at 1068 SPX and 1072 Sep Futures... Therefore, I will sit up there and wait for them... Just let them come back up to those levels, and I will drop the nuclear bomb on them. <g> Otherwise, I will add to short positions on retracement rallys enroute to 1012/8004/495. What could negate this forecast? A run above 1075SPX or 1080 Sep Futures, or a failure to break the 1050 SPX level by Monday's close. How are you positioned, and how will you trade Monday's action based on your expectations? Regards, David