CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: NOW who wrote (10098)	3/9/2009 5:24:25 PM
From: Perspective	Read Replies (2) of 41419

This is what I see: I guess that would be (3) of "v" of 3. We may have a few more wiggles in "v" of 3, but the big message is that it is dessert for a while; the wave 4 should arrive within the next 20 trading days, and would be the bigger 8-16 week affair that I had expected back in January. Unfortunately for the bulls, Elliot says that the most likely goal is only the January highs, merely retracing the last two months' activity. Mind you, that's still potentially a 40% (!!!) bounce, one that would virtually wipe out any bear caught fully short, but it would be far from making any of the long-term bulls anywhere near whole again. It is also possible that such a bounce would only retest the breach of the support around 800, a far less lively bounce. If the bigger bounce should appear, I will recommend that those with even the very long-term perspective - 401K style investments - take the opportunity to pull some cash off the table. `BC

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