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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: the-phoenix who wrote (4368)12/14/2005 11:15:59 PM
From: skinowski  Read Replies (1) of 41432
 
I think the "clearest" chart is SPX - and even that one is not too clear... -g. Imo it looks like it finished Wave 3 of an evolving impulse out of the Dec 8 low. (But it may also still be in an extending 5th of that 3).

If (or when) 3 is done, it will need to have a W4 consolidation before moving on up in a 5th.

edit - That said, "waiting for the 5th" can be not a very safe pasttime. The advance from 12/8 may be reaching a "mature" stage.

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