CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: rayrohn who wrote (9738)	1/2/2009 4:20:17 PM
From: skinowski	Read Replies (3) of 41593

Your chart is exactly what I had in mind. In the wiggles, USO/DXO/UCO traced out what I thought was a Leading Diagonal out of the December lows. It seems that indeed that was the case. What followed (after your picture) was a consolidation for a couple of days, and then, in the last two trading days - wave 3 (or C). Would be nice to see a consolidation (4, which I think started today), and then a rally to new recovery highs. Another swing up would make the entire advance look like an impulse. A "fresh" impulse. We'll see what happens Monday. Happy New Year to all! Been traveling, just checking in when I have a chance.

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