CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: rayrohn who wrote (7975)	7/24/2008 2:24:37 PM
From: skinowski	Read Replies (4) of 41418

Hi guys! Checking in for a minute... Looking at 15 min INDU/SPX, it appears more likely that we are correcting a bullish impulse. However, COMPX looks much more like we had an ABC up, and the downtrend is ready to resume. Hard to tell. Now, if we get a zigzag down (today being the "A") followed by overlaps to the upside - that would be very bullish in the short term, since the implication would be that this decline is Wave 2 or B down, with more up to follow. Must say my gut feeling is that things are not gong to turn out well for bulls. Besides, it's a bear market.... But we'll see. Gotto trade what you see, not what you feel. And as such, one must watch the action and look for clues. Cheers! Will try to log in tomorrow.

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