Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (40589)	5/12/1999 10:18:00 PM
From: Bull RidaH	Respond to of 86076

Tippet, I'm showing 2 patterns that point to 1205. The first is a fortress top formed since the 4/26 peak. In order for this one to be activated, we need to take out that 1315 4/29 low. The other pattern is the EWAVE topping process since 4/12-13. The first decline into 4/17 low of 1285 has been followed by a rally up to 1370 thus far (on 4/26). Wave rules state the subsequent decline (or wave C)can be no larger than 2X the size of this rally. So if we fall from here, 2 X 85 would be the maximum extent of the decline, or 1364-170= 1194 SPX, or pretty darn close to 1205. I'm not going to worry about those last 11 points if they come. See chart below for a better look. homestead.com Regards, David