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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (173683)	11/19/2008 5:49:06 PM
From: The Freep	of 209892

On that first one, it's not clear if the last few waves have taken enough time, particularly not compared to the waves before. Not as clearly 3 wavy (particularly the last up). What do you thnk? As for the big C up... yeah, I guess, but with all these fresh breakdowns that just seems sooooo unlikely. We could easily be in the iii of 3 of something down here (5 down, I would think) based on the daily SPX. Volume's an issue, though, but maybe that would fit in a 5 down? It's not like volume was light today.... Anyway, I bet it's one of these three scenarios. I bet we go lower tomorrow, even if we rebound. And I bet I need to go for an hour or two.....

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