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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (8691)9/28/2008 6:06:27 PM
From: skinowski  Read Replies (1) of 41413
 
I am not a believer in "wedging" down or up sloping triangles -- unless it is a Leading OR an Ending Diagonal. (Others are Symmetric, Ascending, Descending and Broadening) So, I am not really seeing any triangles on the daily and up.

The trendline connecting the May top and August highs is a valid one, and a break above it will have to be taken seriously. Right now it is a little under SPX 1270, but it is moving down pretty hard.
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