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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: skinowski who wrote (7015)6/7/2008 7:38:13 AM
From: hawkeyefan  Read Replies (1) of 41477
 
Since I missed the down on SPX and INDU, I looked at the NDX and RUT this morning.

They have different counts. Don't they need to take out the June 3 low or they are have a good chance of being in a bull count yet?

From the up that started on May 23, that could be a 1 of something and the June 3 low would be a 2 of something. The June 3 low could be a b and Thursday's high was a c. But until
NDX takes out 1977-1978 and the RUT takes out 732 or so, one just isn't sure. I guess I will wait and see what happens.

I can come up with a bullish count for SPX and INDU, but I have to really work at it, so the odds are slim it is valid.
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