CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (9271)	11/11/2008 7:41:11 AM
From: skinowski	Read Replies (3) of 41408

This one may still be on the table: Message 25114357 Another one, for example -- think of the first rally out of the Oct 10 low as "a", followed by a "b" down, and the rally to recent highs as "c". There we go. Generally, analyzing corrections tends to be a thankless task. Those "threes" can just keep piling on. Sometimes it's better to just step aside and wait until you actually "see" something. That's what I've been trying to do - to be patient. Maybe if this thing DOES begin to look more convincingly like a triangle, with a clear stop, perhaps I may try playing the 5th to the downside. If the Oct 28 low gets taken out, forget about the triangle. That means that whatever move we are having to the downside is already in progress. In this case, an (evolving) ED from the 10/14 top would be one of the first things on my mind.

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