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

To: Death Sphincter who wrote (36270)	1/11/1999 1:43:00 AM
From: Bull RidaH	Respond to of 94695

Carlson Von Hittle...>>now if you wanted to, you could construct a large (Cycle type Degree) Wave 3 as having developed through the 1990's........and have the Fall of 1997 being the Wave 4.....<< I've done something similar, except I have the start of that Wave 3 at the 1980 low, which makes the 3rd wave a 17+ year wave taking the dow from 730 to 8340. That's why the ensuing correction has been so substantial, and the subsequent rally mammoth in nature. October 8th's low was the end of Wave 4, and the beginning of Wave 5, the Real McCoy for a new bull leg higher according to the wave count that I'll fire at you later tomorrow. That's where I come up with the 54000 potential for the Dow.... "Wave 5 can be no longer than 6 times the size of wave 3"..... which in this case was roughly 7610 points. The product added to the 7400 Oct. 8th starting point of Wave 5 would come to roughly 53000. Add 1000 for stop runs and there you have it. Catch ya tomorrow. It's time to snooze for us Atlantic ocean beachgoers. Regards, David P.S. I'm long & strong probably into the end of the week. Covered shorts on the afternoon rally Friday and swung back to the long side. Wanna quick play? ETH Jan 40's. Nearly intrinsic, and the company should report great earnings Thursday a.m. Stocks at 42, and could run to 52. That'd be a six bagger on the option trade, so comp me on the hotel room when I get to Colorado for spring skiing...K? <g>

To: Death Sphincter who wrote (36270)	1/11/1999 10:09:00 PM
From: RWS	Respond to of 94695

Carl, Sorry I haven't gotten back to you about VTO, still planning to lay it out. However, thought you might be interested that today the VTO turned down to signal the top of the fifth wave and a sell on the OEX. The ITBM turned down today also, and I'm pretty sure the Summation Index has put in the top of the right shoulder today for a strong sell signal tomorrow. I am moving my stops up real tight on stock positions and planning to buy puts if the signal is confirmed by price action. Good luck to all! RWS