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


To: Bull RidaH who wrote (25722)8/30/1998 6:54:00 PM
From: bobby beara  Respond to of 94695
 
David, Since wave 2 lasted 2 trading days, what do you think wave 4 would last. I think after this next correction we could get a decent rally to trade on the long side - thoughts? Also we would probably get my break of -260 on the Oscillator I'm looking for.

bb



To: Bull RidaH who wrote (25722)8/31/1998 1:48:00 PM
From: bobby beara  Respond to of 94695
 
Wow - looks like wave 4 only lasted about 5 hours.

BK began in earnest on that 357 point drop day, when the OEX took out the neckline of it's H&S top on big volume.

I would suspect a trading range to digest this recent move and then some continued selling.

If your long your wrong.

bb