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Strategies & Market Trends : Longer-Term Market Trends
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To: SwampDogg who wrote (1386)7/15/2008 10:43:51 PM
From: skinowski   of 3209
 
"Wishful"? I don't really care one way or another. But the fact of the matter is that the first leg of the advance since late April is a three-waver. Unless it included a *very* expanded Flat, it suggests a more complex correction. "ABC" - as I proposed - is one option. In the longer term my current read ultimately tends to be bullish - because of the way the first leg of the decline is structured. We'll see.
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