CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: skinowski who wrote (8419)	9/3/2008 11:51:34 PM
From: rcksinc	Read Replies (1) of 41414

ski Here is McLaren's recent take and I present it for discussion purposes. The fact that we haven't really started back down (even with Tues selloff) and remain above the 45 degree red line of Galirayo's argues that the correction is not complete. In this piece McLaren is taking the view that the correction could be over having achieved the 1/4 retracement and 45 day mark in time but historically in his view the 3/8- 1340 level is the more likely target and in time 60 days is probably the length. I am more in the camp that this needs to go further up before we fully test the lows but no big bets. mclarenreport.net.au

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