CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: ajtj99 who wrote (1263)	4/2/2003 9:44:51 PM
From: the-phoenix	Read Replies (2) of 41530

The CyclePro Bradley chart had turn dates on 3/31 and 4/2. From where I sit, it sure is hard to argue with 3/31 as a low. That suggests to me today (or tomorrow) is a high. By extension, then, the 4/11 turn would be a low. That fits with my read of the VIX and also fits with Grill's current downcycle. Of course, it does not fit with the "Big C" that seems to be a virtually unanimously accepted given here. I still want to see how anyone has counted Monday/Tuesday as the beginning of an impulse move to new highs. Since the low came Monday morning, one would have to assume the corrective wave ended there? Very messy, IMO. In case I appear overly biased by my current short position in the futures (which is only down about 7-8 points here, so not a big deal at this point), I am also sitting on a six-figure 401K account that is 100% cash and nothing I would like better than to put it to work on the long side. I considered starting to buy today, but just don't like the risk/reward here for a long. I probably won't until we break the October lows on at least one of the indexes.

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