CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Perspective who wrote (9078)	10/27/2008 4:48:19 PM
From: skinowski	Read Replies (3) of 41410

be poised for a violent "C" back upwards There is a possible ED on 30 - 60 minute SPY... If that's the case, the ED started at the top on 10/14. Now, we would be in the final Wave 5. Connecting the relevant recent minor lows, the line projects to about 83 tomorrow. Allow a significant overshoot - to flush out stops under the Oct 10 lows. I think at this point it is unlikely that we would have a "violent C up". The reason for that is that an ED cannot be Wave B. I think it is more likely that this impending low tomorrow will be the end of Wave 3 of 3 -- and the rally should be, in fact, Wave 4 of 3. It should last for several weeks (wave 2 of 3 lasted for about 6 weeks). It is strange to think in terms of another strong wave down towards the end of the year, but that's what this formation, if it ultimately proves correct, suggests. The main alternate is that we'll find ourselves in a still evolving 4 of 3. I suspect that since just about everyone is expecting a great cathartic panic... it will not happen for now.

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