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


To: Death Sphincter who wrote (37988)3/6/1999 3:16:00 PM
From: Bull RidaH  Read Replies (4) | Respond to of 94695
 
D.S.,

"tenatively i plan to renter into my puts Monday or
Tuesday..."HE MUST BE STINKING NUTS", they all chimed in."

Wouldn't do it til Schwab peaks. As you stated, that triangle WAS a 4th wave consolidation... And in the entire market since 1/11, we've been in a 4th wave consolidation triangle, with wave 2 being the 11/29-12/14 period. Say hello to Mr. 5 from Wednesday's low at 1216SPX. Don't see how it won't make significant new highs, with potential to 1370 SPX.

Hibernating Bear