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


To: Copeland who wrote (36268)1/10/1999 9:28:00 PM
From: Bull RidaH  Respond to of 94695
 
Copeland,

8000-9380 is the range wave theory requires the correction to fall back to. For me to pinpoint a number, I'll have to see the final topping formation this week. Once the pattern is put in play by taking out an important low, I'll come out with the probable number(s).

In the meantime, 10000+ would sure be a nice place to close out all longs and initiate shorts. My guess for the top time frame at this point would be around midday Friday (option expiration day), + or - 1 day (based on a measured time move for the "c" part of an abc zigzag up wave which started on 12/15/98).

Regards,

David