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 (9305)	11/13/2008 10:23:54 PM
From: skinowski	Read Replies (1) of 41410

In EW terms, the likely possibility at this time seems to be an ED. The psychology of the action, I'd say, seems consistent with a triangle - confusion, three-wave swings up and down, indecision. Dunno. I actually added more energies near the lows, so I welcomed the rally, but man those swings are wild and powerful. SPX today took out the Oct 28 low with an intraday gap. Mighty stuff. Just a thought - one of the possibilities is a Broadening Triangle. That's something we seldom think about, but they do happen. Or, maybe the orthodox low for 3/3/3 was on Oct 28 (like in that chart of mine we recently discussed), and what we are having since Oct 28 is the "real" Wave 4 of 3?

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