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

To: Bull RidaH who wrote (35205)	12/11/1998 5:23:00 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

David...i am leaning towards the rally at the end of the day as being wave 4 from Tuesday.....with the Dec. 9th being a sideways wave 2....and wave 3 ending this afternoon.....wave 4 should alternate with wave 2 and should be 'sharp' zigzag like.....end of the day fits that picture i am intrigued with the Oct. 8th rally up.....with the S&P it would not be unreasonable to count the wave down from 11/27 to Dec 3 as wave 4 of a 5 wave extension that started 10/28....and the run up to Dec. 8 as the 5th of 5........however...the DOW had no such wave action, there was no 4 & 5 between 11/27 and 12/8...instead there were a series of corrective waves down....so what?, you say? i know you don't spend a lot of time with the DOW, and this is no time to debate that issue......but take a look at the DOW since Oct. 8th....it looks like a double zigzag, with the 10/20 to 10/28 period being the 'B' or 'X' wave (your choice).....since we just lapped the 11/12 low it kills the extended 5 scenario......once again, so what? if this rally from OCT. 8th is not an IMPULSE on the DOW it implicates that it is more likely a "B" wave and therefore it is hard for me to believe that the S&P has been forming the FINAL 5th wave of 1 degree LARGER than the DOW.....see what I'm getting at? A down from July 20th....B up to the recent highs.....now C down with either D & E to follow OR BIG WAVE 5 to follow something to think about while cashing in on this down wave carl