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

To: Bull RidaH who wrote (30345)	10/6/1998 5:59:00 AM
From: Arik T.G.	Respond to of 94695

David, >>This targets tomorrow as one of the greatest index short entry timing points of all time. That is, if our count is the correct one. >>Got any specific numbers in mind? Same numbers I had on Friday- OEX 488 and 493. IMO it will be very difficult for the market to pass Friday's high, and next to impossible to overcome OEX 495. >>Are we in sync with this wave count? I believe so, but You lost me on the very short term 5 count up. If this c is gonna be a 5 waves up move, why can't it be an abc move with that 5 waves up making the a? What troubles me a little is the ambiguity of the big picture - was the period from 9/1 to 9/28 really the big 2, or was it a 4 of 5 down of the 1 ? The supportive evidence agrees that we've started the 3 down, and not 5 of 1, but counting waves on MAs is inconclusive. If I understood you correctly, then you expect a very short lived rally that will not last past the 1st hour of trade. With Europe and futures up this morning. This is possible but is countering the strength that the market showed yesterday. Another possibility is that there will be abc on this c, that will take us to the 490s tomorrow morning. I vote for the former, but I'm not unanimous on that -g-. ATG