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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (9186)10/31/2008 5:01:11 PM
From: skinowski  Read Replies (2) of 41519
 
Back at ya... sellers may be tired, and some buying showing up, but it will take a long time for this ADX to come down to low levels. I bet when that happens the outlook may not be very... positive.

stockcharts.com

Can't help thinking that we are still in 4 of 3. If that's the case, I'd expect another swing down after all this consolidation, and only THEN a larger rally - Wave 4 of the entire bear up to date.

Feels strange to look down going into the holiday season.... we'll see. These are unusual times, that's for sure. It's a big grizzly, and surprises are more likely to occur to the downside.
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