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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (134144)	7/6/2006 8:34:32 PM
From: skinowski	Read Replies (2) of 209892

SPX.....wiggles... This morning's high came within a couple of points of the high day before yesterday Key resistance in the short term is the 7/3 top. If it is taken out, that would eliminate the simple "ABC" count starting from June 14. For as long as price remains above ~1257 all this current choppiness qualifies as a potential W4 (from 6/14)... which is bullish. There are other scenarios, including one where the 7/3 top would be labeled "A"... and now we can look forward to several more days o more or less sidewise action needed to complete a wave "B". So - please someone give me a call when we are either above 1280 - or, below 1257.... ;) edit - the chart is right below here, in case anyone is interested: Message 22597972

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