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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Galirayo who wrote (9693)12/22/2008 9:50:57 PM
From: skinowski  Read Replies (2) of 41592
 
My Oil position is not a technical play -- if it were, I wouldn't be sitting on such losses... :)

It will come back and be profitable - I think... unless we all head into the stone age.

In the meantime, we ought to get back to index timing. I assume that on SPX we are still in the 4th wave. The action of the past several days is still easily interpretable in bullish fashion -- an abc-x-abc down off the orthodox top on Dec 8. Looks like the index would need to go below 815 to make the rally into a definite three-waver.
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