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

To: Barbara Barry who wrote (26089)	9/1/1998 9:31:00 PM
From: bobby beara	Read Replies (4) \| Respond to of 94695

BB, someday, my wish is to unseat Harley and Wolanchuk both and send em packin, for now, my prognostication . . . We are entering in another trading range indecision pattern similiar to off the 8/4 lows. I think we will see the same major price swings over the next 60 days into the 9 month and 4 year cycle lows in October. The next lows we set in the averages will set a precendent for future market activity. Lower lows will be a bad precedent. katy bar the door. There are numerous indicators that tell me we have set a momentum bottom here (not a price bottom), we can't discount that this could be Prechter's Grand Supercycle and we can throw everything out the window. For a lot of perma bears, there seems to be a tremendous amount of evidence for this being a grand supercycle event, however we have to consider that this may be another giant wall of worry to climb to the ultimate peak. We are sitting on a possible h&s pattern that projects to the 5500 area. If we fail that pattern, we will move quickly well above Dow 10,000 and speculation will reach unbelievable heights. The charting patterns in the banks and airlines look disastrous and have mega downside still available. I noticed how poorly CCI performed on a mega up day in the market. The tech bubble charting also looks ugly. The worldwide situation looks very ugly. I think the price bottoms into the cycle lows of 9/12 and 10/12 will let us know. My first choice from technical and fundamental analysis is that this is a grand supercycle event and people should prepare accordingly. However this could just be another disastrous looking situation and the tulip bubble could grow even greater. The fact that Wolanchuk was not unseated on a "technical" detail, makes me question greatly whether his thesis may be intact. bb