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 (4407)	12/20/2005 7:44:44 PM
From: skinowski	Read Replies (1) of 41540

Yes, you picked a nice spot to call a bounce... The SPX bounce, in the sub-wiggles, looks like "3 up - 3 down". By tomorrow's open we'll know which way next move. Maybe a C up to complete a correction? Or, straight down to complete a wiggle move? Or, maybe the down action is over for now. We'll have to see. INDU completed (or nearly so) a nice looking impulse down off its top on Dec 16. The usual dilemma is whether it is a C of a correction, or the first leg of a new down trend. The bounce, when it happens, will - as the saying goes - tell the story...

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