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 (9783)	1/8/2009 8:01:44 AM
From: skinowski	Read Replies (4) of 41561

On your DXO 30 min chart, what you describe as the 1-2-3 decline may also be "abc". Of course, in turn, this "abc" may be only "A" of a larger pullback. Or - your count may be right... Overall, I'm still impressed with the vigorous impulsive rally off the lows... until proven otherwise, I'd expect at least a "matching" bullish move. At least. That said, DXO below 2.50 would weaken any bullish outlook. I know that W2 remains legit for as long as there are no new lows, but deep tests are more likely... not to hold. I did lighten up on UCO on Monday morning, with Oil being near 50, and sold some CC's on USO.... but with such a powerful move against the underlying those small profits don't feel like much... g/ng

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