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

To: Copeland who wrote (33054)	11/4/1998 8:42:00 PM
From: Haim R. Branisteanu	Respond to of 94695

A.G speaks tomorrow will see what he will hint. Haim

To: Copeland who wrote (33054)	11/5/1998 3:26:00 AM
From: Jay8088	Read Replies (1) \| Respond to of 94695

For Elliott wave dreamers only.... I know it is no longer cool to predict a downturn below 7400 within this year. However doesn't this daily chart for S&P 500 suggest that the wave B is about over? iqc.com The first correction wave A, five waves down, finished on 8/31. The wave B up is a 'irregular 3-3-5 pattern' (where the b wave exceeds the 5th wave peak of the previous impulse wave ) which is finishing up now. So we may be heading for the C wave down which should bring us well below 7400 within 2 months. Furthermore such C wave down from here would be indeed surprising as few now expect such a nasty down wave. Well, it could be just my daydreaming...

To: Copeland who wrote (33054)	11/5/1998 5:38:00 AM
From: Berney	Read Replies (1) \| Respond to of 94695

Copeland, Re: Stop Signs and other illusions I really get entertained when I see comments such as "minor support at 520" (OEX). I actually see it at 523, but what is a couple of points. That minor support, represents the major neckline that has determined the market action for the last 7 months. Above it be a bull; below it be a bear. Do otherwise at your own peril. FWIW, if (when) the market closes above 548, I'll move the bar to this level. I agree that from an FA perspective, the Market is an illusion, but one is foolish to not participate until the chairs start being removed from the game. Berney