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

To: Vitas who wrote (37026)	2/3/1999 2:17:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 94695

Vitas, I am looking at bellwether IBM. a big gap break of the uptrendline on earnings/revs disapointment. and indecision/consolidation triangle, now a break below support. 1/8 was the bull? market peak, the break into 1/13 was wave 1 down. we have had a corrective abc wave up into last Friday (cash spx made a new high, but not the futures) we are now entering the biggest move down of this current leg (wave 3) This is the 2nd consecutive high made in the spx with the oscillator below zero. DATZ bbbbbbbbbbaaaaaaaaaaaaaaaaaddd!

To: Vitas who wrote (37026)	2/3/1999 8:18:00 AM
From: donald sew	Read Replies (2) \| Respond to of 94695

Vitas, >>>> The 55 day rule will present one slammo bango leveraged play opportunity later this month. ETA February 13th. <<<<< What are you using as the starting point for the 55 day Top-to-TOP, and are you using calendar days or trading days. From the late NOV peak 55 trading days would put it at about FEB 15. I also use the 34 day FIB number and from the all-time peak of JAN 8, that would put it around MAR 2. If one uses calendar days, that would put the FIB 34 day at FEB 13 which is the same as your ETA. Seeya