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

To: Bull RidaH who wrote (34726)	12/1/1998 3:40:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

David; Something don't look right going forward Two weeks ago IPOs went nuts, they must have sucked up all the spare cash. Today we have the Mobil Exon deal, with MOB being valued at $99 on the swap, and the arbitrage traders are not jumping on !... They don't have the Money ! The anti trust thing can't be a real problem, ( unless they want to also block AN & BP, as to block XON & MOB , without stopping the BP, AN thing decidedly will favor the Power brokers in Europe, hell that would be big mistake, the local buzz about looking into xon , mob; with out looking into AN , BP is insane on the part of the Attorneys, my take on that is they are looking for some payoff.. --------------------- Just the same more than anything MOB not getting a pop , is like the IPO market just suddenly went dead, money is not as plentiful as we have been led to believe, and this could be a negative sign. The spread on the deal is to much to ignore; yet it's being ignored. Not a good sign. --------------- Jim

To: Bull RidaH who wrote (34726)	12/1/1998 3:46:00 PM
From: HairBall	Read Replies (1) \| Respond to of 94695

David: Please, no practicing of a Rooster Strut, just in case your scenario falls into place...<g> Regards, LG

To: Bull RidaH who wrote (34726)	12/2/1998 7:51:00 AM
From: Arik T.G.	Respond to of 94695

David, Re: My LT count The impulse from 11/97 to 7/98 is either primary 5 of cycle 5 of Supercycle 5 of Grand Supercycle 5, or just the intermediate 1 of that primary 5. If it was just the int. 1 then 7/21/98- 9/1/98 is the int. 2, and we are still building int. 3, in which 1 was in September, 2 was completed on 10/8, and 3 was completed 11/24. To prove this right we should end the current minute 4 no lower then SPX 1080, and the 5 of 3 of 5 should take us to new highs. OTOH if that wave was the Primary 5 (short lived compared to the 1 and 3) then we had the 1st leg down till 10/8 (int. 1 of primary 1 of cycle 1 of Scycle 1) and the 2 went all the way back to the highs on 11/24, and we've just begun the intermediate 3 down. As supportive evidence to this count one can bring the NYSE composite chart and overseas markets. To confirm this as the correct interpretation of the market the following should happen: 1. NO NEW HIGHS. 2. SPX under 1060 Anyway I feel SPX 1120 should be minimal target for the current down move, whatever its label. ATG

To: Bull RidaH who wrote (34726)	12/2/1998 9:38:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 94695

David, Sorry to bother you again, but there's a third possibility. One in which the 11/97 - 7/98 is the intermediate 5 of the primary 3 Cycle 4 ends 7/91 Cycle 5- Primary 1 ends 1/94 primary 2 ends 12/94 primary 3- Intermediate 1 from 12/94 to 2/96 Intermediate 2 from 2/96 to 1/97 Intermediate 3- ............. 1 to 3/97 ............. 2 to 5/97 ............. 3 to 8/97 ............. 4 to 11/97 ............. 5 to 7/98 Intermediate 4 from 7/98 to 10/98 Intermediate 5 10/98 to current. This is very close to your count, only we still have the primary 4 and 5 ahead of us, a scary thought. ATG