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

To: Bull RidaH who wrote (35190)	12/11/1998 9:41:00 AM
From: Death Sphincter	Respond to of 94695

david...the wave 1 top is 1141, so no overlap.....if it goes below 1141 then you would have to look at wave 1 and wave 3 to see if they are zigzags so as to create an ending diagonal out of the whole move that started 10/28....i have looked at 1 & 3...could make a zigzag out of 3, but have a hard time making a zigzag out of 1......therefore, a break below 1141 should confirm a large corrective wave in progress...... lets see what happens carl

To: Bull RidaH who wrote (35190)	12/11/1998 10:32:00 AM
From: Death Sphincter	Read Replies (2) \| Respond to of 94695

David....on the scenario of a 5th wave extension....if it started 10/28 and wave 1 completed 11/06...with wave 2 ending 11/12, then wave 3 up to highs DOW and S&P in lockstep thru that period......well the DOW has just totally retraced ALL of wave 3, it has gone BELOW the beginning of wave 3 (8792)....wave 4 is absolutely not allowed to go below wave 3 starting point, so this can not be wave 4 of that extended 5th scenario, for the DOW......the DOW has thrown in the towel...the S&P should follow soon, the liklyhood of a run back up to 1200ish as a 5th wave has been gutshot....any run up now should be wave 2 or wave B of a large corrective wave down from the top (me thinks?) carl