CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: skinowski who wrote (7114)	6/12/2008 7:28:40 PM
From: Galirayo	Read Replies (1) of 41419

I'll look at it again a bit later tonite .. but .. If you just think back at all the difficulty the SPX had moving Up thru all of those Fibo Moving Averages I kept posting about. the 34, 50[55], 89, 144, 200[244]. Every one of those are Overhead as R Again Now. It gave up every bit of ground it gained .. and now we're in June. If it does go up prior to expiry it will have to deal with every one of those all over again as it looks to me the Shares are in distribution mode. Maria B put herself in check when she mentioned Trimtabs outflows today and switched topics quickly. It was just a quick Blip. The 89 is in the Batters Box .. with 50 on deck .. followed by 34 ... and big ole #144 batting Clean up. ;) If this were the Top of the Market I'd call it a H&S Top .. still looks like a Little H&S to me.. if so it'll build the right shoulder .. or it's one of those Rounding Saucer Top things .. and it'll just slip on lower. At least it Filled that Prior Gap today. The pitch is Wide and Outside. ;) stockcharts.com

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