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

To: HairBall who wrote (32182)	10/22/1998 1:17:00 PM
From: Death Sphincter	Read Replies (5) \| Respond to of 94695

LG...........short term i view this rally as a bear rally....and wave wise it looks like we are near the end of the 4th, which leaves a 5th wave(up)....the DOW acts like it wants to get down closer to 8400 before ending this 4th this afternoon.......the wave up that would follow would finish off this rally...........i would expect a SHARP drop then, ....a week ago i would have guessed a test of the lows, but i now think the FED has hyped up the dipsters.............intermediate term it looks to me like a trading range with a bias towards up...........i am not in a bear until 6975 is busted.............BULL or BEAR??......seems like the market is thinking consolidation and wait to see if full blown recession is coming so meanwhile i am trying to catch the swings, with calls......and some puts on weaker issues as a hedge just in case .....CAUSE WHAT THE HELL DO I KNOW!!!!!!!!!!!!!!!! I TRADE NUDE AND AM WEARING A JACK-O-LANTERN ON MY HEAD, FILLED WITH RAW CHICKEN GUTS!!!!!!!!!!!!!!!!!!!!!! Y-E-E-O-O-W-W!!!#$!%#$!!!!!!!!!!!!!!!!!!!!!!!!! carl