CFZ E-Wiggle Workspace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : CFZ E-Wiggle Workspace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Galirayo who wrote (8216)	8/9/2008 1:04:43 PM
From: skinowski	Read Replies (1) of 41413

You are right. Those "abcde" down fivers need to be labeled differently. But the overall count is still possible - it could be a very bullish series of 1's and 2's, with a big move up pending. I just don't think it is the most likely scenario... but I'm ready to cut and run if needed. Another scenario that I do not favor but worth keeping in mind is that the decline into 7/28 low was Wave A.... everything since then is Wave B... and what's pending is a sharp "C" down -- but only to be followed by yet another sharp move up (to match the advance from the mid-July lows). The "attractiveness" of that latter scenario is that it would probably beat the crap out of both bulls and bears. Until proven otherwise, I expect a turn down from around these current levels. Btw, thx for the box update. Interesting.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next