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

To: Arik T.G. who wrote (27705)	9/13/1998 12:11:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Arik, I vote your post (27705) as the B.K. post of the month, and will not only use it in my strategic planning, but wholeheartedly endorse others to do the same. You are correct in that you cannot rule out the 2 of 3 of 3 scenario until Wednesday's high is convincingly taken out. With the possibility of the 5 wave completion, as mentioned in my post, I elected to "punt" (still with nice profits), but will go back on "Bear Offense" if 995 is taken out below, and will bring back the heavyweights if 975-981 is violated, per your scenario. In the meantime, I'm not getting burned by Sept/Oct option premium loss, and I get to have a light-hearted weekend for a change. A welcome relief to a combat weary soldier!! Regards, David P.S. Thanks again for your very well thought out and researched post, the most valuable one anyone could examine this weekend in preparation for the week ahead!

To: Arik T.G. who wrote (27705)	9/13/1998 11:44:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 94695

ATG, Yours' and David's posts are the best of the thread and extremely helpfull to EWT novice like me. Thanks.

To: Arik T.G. who wrote (27705)	9/13/1998 11:48:00 PM
From: Moominoid	Respond to of 94695

Thus, if we trade on Monday over 1026, and close over 1020, your scenario is okayed by the market.... Good! Testable hypotheses. I think down is more likely based on my combination of MAs, Bollinger Bands and autoregressive statistics. David

To: Arik T.G. who wrote (27705)	9/14/1998 8:07:00 AM
From: MythMan	Respond to of 94695

Does this mean we are going up, down, or nowhere? <g>

To: Arik T.G. who wrote (27705)	9/14/1998 4:18:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 94695

<<Conclusions: To decide between the E counts- The market needs to take out Wednesday's highs (SPX 1028) to nullify the bearish wave count. Bearish flag- The market needs to take out Wednesday's highs to nullify the bear flag formation, but any significant up trade will takes us over the median between the perpendiculars >> Something I don't understand ATG, We went above last Wednesday high... Still the bear flag formation looks intact to my novice eye.. the line connecting the highs and parrallel to the line connecting the lows has not been penetrated. It looks like the flag is now completed and we should be heading lower... with 2 of 3 of 3 finally over. At worst we could move slightly above today's high in the morning tomorrow and then start 3 of 3 of 3. Comments ?