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

To: bobby beara who wrote (33206)	11/6/1998 8:57:00 PM
From: Jay8088	Respond to of 94695

I tend to believe that July 20th peak was the top of five waves up from 1994 bottom. Of course if we exceed 9300 by a wide margin we have to consider your count. If the present rally is the fifth wave, then we could be getting close to a local top as well. I read tentative 5 waves up. However if your count is correct, this rally would continue to accelerate and even gap up past 9300 - that would certainly fry all the shortsellers. It is an interesting possibility. I guess this 'meltup' we have been seeing makes your count stronger each day.