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

To: Death Sphincter who wrote (38011)	3/6/1999 9:46:00 PM
From: Vitas	Read Replies (1) \| Respond to of 94695

Sphinky, I axed the beara and the kingster to examine this with me before, but maybe you could take a look for me. I have determined that the last time we had similar action before was 1957. Here is a chart of the weekly mac: cp-tel.net Now for various reasons I decided, with no opposition, that we, for various reasons, were not going to get a bounce from the -20 area, apparently that is what it is doing this week. See: cp-tel.net (It hasn't been updated yet this week, but there is a bounce up in the mac, very similar to the June-July 1957 situation). Wavemeister, wavemeister, I ask thee, do you see the poss-i-bili-tee of a similar set of waves occuring hence? THE RUMBLER "We get our rumble".

To: Death Sphincter who wrote (38011)	3/6/1999 10:29:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Carl, Brilliant narrative on the prospects of a beginning diagonal, but i simply don't buy the possibility of the action since 10/8 as being corrective in nature. As the rulebook says, triple zig-zags are rare, and to be able to take stocks like CSCO from 40 to nearly 120 and MWD from 35 to nearly 100...and the whole market up nearly 40%, in a CORRECTIVE WAVE.... i just can't see it. On the S&P futures, the 12/15 to 1/11 move was from 1138 to 1296, or 158 pts. Add that to the 1217 start of the 5th wave on late Wednesday and you get 1375, which may equate to something around 1370 on the cash. The breakout of the 2 month triangle produces a number at nearly the exact same spot...1370. GZ's got'em by the nads!! i'll get my piece of tha rock on this one too though, and wish the same for your stinkiness! Stinkin thinkin, BK