CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (7812)	7/18/2008 10:15:26 PM
From: skinowski	Read Replies (1) of 41419

Traveling... checking in for a minute. Fwiw, on first blush it looks like SPX spent today tracing out a wiggle triangle - likely Wave 4. That would call for early strength Monday, followed by a Wave 2 or B consolidation. May prove to be something different.... but in any case, I'll tell you guys, the action of the past few days DOES look like an evolving impulse.... which implies that after a correction we are likely to see another rally - maybe to new highs, or - at least - a test of today's highs. Imho, it is probably premature to short - unless it is a day trade to catch the pullback. That's IMO. Been known to be wrong... it may just go a-crashing. edit - this was meant as a reply to your recent post, Ray, not the old one. I'm clumsy with the laptop... :)

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