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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: skinowski who wrote (8346)8/26/2008 5:15:32 PM
From: skinowski  Read Replies (2) of 41419
 
We did get a new small intraday SPX low, but nothing changed. In the very short term - anything goes, maybe more of a bounce, maybe not. In the IT time frame, the line in the sand is SP 1293. If we rally from here and break that level, we'll have a higher low and a higher high on the hourly. Until that happens the trend is down. When the going gets tough, the tough think simple... :)
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