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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Galirayo who wrote (9755)1/3/2009 7:37:48 PM
From: skinowski  Read Replies (2) of 41410
 
Looks like SPX wants to test next levels near 1000, doesn't it... that would be a 38.2% retracement of Wave 3 since the May top, as wel as the territory of a 4th wave of a lesser degree.

The SPX (15-30 min) action of the past few trading days adds up to an impulse. May be time to stop for a while and decide what to do next. Could turn out to be "all she wrote" - or could be only the first leg of an evolving larger structure. Look for a consolidation and then a break to new recovery highs.
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