CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: jaker who wrote (6727)	5/20/2008 12:33:18 PM
From: skinowski	Read Replies (1) of 41404

We really need more evidence before we consider the possibility that the trend may be reversing to bearish. May 15 low has to go... more importantly, May 9. We need to see an impulse in better than 5 min time frame - and then we need to see a corrective bounce, followed by an acceleration towards new lows. If the reversal is real, there will be plenty of opportunities. I kinda sorta anticipated the reversal (because of the evolving wedge and sentiment) and took some short positions, some of which didn't look so good until yesterday afternoon. But I won't increase them for a while, until there are more signs of a change in trend. In fact, I am so intent not to get caught up in the action of the moment that I'm packing up my toys and heading out of town for a few days - to play in the sun and try to catch some fish. If fish won't bite, there are always hot dogs.... :)

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