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 (8864)	10/8/2008 6:37:49 PM
From: skinowski	Read Replies (1) of 41429

Based on similar considerations I "capitulated" today - covered most of my remaining shorts. My exposure is for the most part Energies -- and, looking at the hourly USO, it seems that the decline from the Sept 22 high has been kinda wedging down. Could be an ED. The entire decline from the July top could be an impulse, with Wave 1 into the August low being the longest wave. It is also possible that the decline is a sharp correction, something like a double zigzag. I can't tell. Maybe we'll get some clues from the way the thing behaves on the way up. I remind myself that it WILL reverse and go up, and will NOT go to zero.... :)

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