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

To: Jan Robert Wolansky who wrote (30628)	10/7/1998 1:19:00 PM
From: HairBall	Read Replies (2) \| Respond to of 94695

Jan Robert Wolansky: why do you think camouflage is occurring? The hold small investors in, while the majority of stocks are sneaked down. The opposite is often done, as well! Who's doing it? Read the first of my favorite URLs in my profile! BWDIK Regards, LG

To: Jan Robert Wolansky who wrote (30628)	10/19/1998 5:02:00 PM
From: Bull RidaH	Read Replies (4) \| Respond to of 94695

Jan, I believe the crash phase is over, and last Wednesday's lows marked the end of the smaller 5 wave move down that began on 9/25, and the large 5 wave move down than began on 7/20, which I believe was the 1st of 5 waves of A. We're having a wave 2 of A rally now that will span 50 to 75% retracement back up to the 7/20 high. Looks like we hit the 50% retracement level on SPX at today's high. I Expect alot of sideways action from here for the next month or two with much less volatility. If wave 1 of A took 2.7 months to complete, wave 2 of A should take from 1 to 3 months to complete. It'll be a daytraders market instead of position player's for the next little while, I do believe. I'll be going long on dips, and will daytrade both ways. Will keep positions long in Gold and gold mining though, as I believe we've entered a bull phase that could take us to 320 on gold in the next couple weeks. I wish I could have been more helpful to myself and others in catching the bottom, but reality's unfolding didn't line up with my preferred read. Regards, David P.S. For comparisons sake, I would say we're at a point correlating with the late November Peak in the '29 chart. geocities.com This entails a month or two of sideways action with an upward drift, before the real bear begins next year.