CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: the-phoenix who wrote (1264)	4/3/2003 6:35:35 AM
From: skinowski	Read Replies (1) of 41536

still want to see how anyone has counted Monday/Tuesday as the beginning of an impulse move to new highs Phoenix, if you take a look at the charts since March 13, you will see an impulse up, followed by a 3 wave pullback, which in case of SPX retraced just about exactly 50% of the advance. What followed, was a strong move up, which didn't yet reach new highs, but has already created important overlaps. Chart-wise, I see no problem with this move evolving up to at least the usual resistance levels. Oniscka (who yesterday made a superb call about NDX 1045) published a pretty picture showing the anatomy of the pullback and the evolving up move. Juergen has the comments. img.wallstreet-online.de

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