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

To: Death Sphincter who wrote (35650)	12/28/1998 3:29:00 AM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Carlos, And a wonderful holiday season to you as well!! Thanks for the greeting, and I feel the same way about our mutual collaboration, and look forward to much sweeter fruits in '99. In response to your recent wave observations, I submit the following: 1) I believe the summer correction ended on 10/9 at 953.04, and have this as my starting point for this 5 wave A$$kicking rally. 2) I believe the 1st wave ended on 10/20 at 1084.01, making wave one 130.97 points in length. 3) Wave 2 ended 10/28 a.m at 1059.65., and reached a maximum depth of 1058.08, or 25.73 pts. 25.73/130.97= 19.65%, and Robert rounds up and down... I ASKED HIM CAUSE I KNEW YOU'D GIVE ME A HARD TIME!! <ggg> 4) Wave 3 ended on 11/6 at 1141.3, and was 81.65 pts (shorter than wave 1). 5) Wave 4 ended on 11/12 at 1115.55 (no overlap) 6) Wave 5 ended on 11/27 at 1192.97, and was 77.42 pts. (shorter than wave 3). This wrapped up minute wave 1 of this minor wave 5 I believe we've started on 10/9/98, as indicated in post #35249. Minute wave 2 ended on 12/14 at 1136.89, and We've been in minute wave 3 since, and I believe we're nearing the end of minuette wave 1 of minute wave 3. I still expect a run to 1237.5 SPX(newly revised) before a minuette wave 2 correction begins. But if we break below 1220 SPX first, I would have to assume the target will not be met before the wave 2 correction takes us back towards 1194 SPX. I would have to see 1194 SPX give way, then more importantly, 1136SPX, before having any faith in the idea of Dow -8000. But heck... Your scenarios have shocked me before!! <g> Just please let me know if and when you modify your forecast, as i'd like to breathe easier about not being megashort (although i do plan to get heavily short if we can push up past 1135SPX early this week. Regards, David