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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Perspective who wrote (9291)11/12/2008 11:08:06 PM
From: skinowski  Read Replies (1) of 41412
 
Gotto keep it simple. For as long as SPX 846 holds, the most likely pattern is a Triangle. Below that level, Wave 5/3 is most likely in progress, be it an impulse down, or an ED.

I did nibble long against 846. A serious gap down in the morning would take me out. It can be argued that a better play here is not to go for a wiggle long, but to wait for the 5th to play out... or, maybe to short the wave "e" (if it happens) against the November 4 top.
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