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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Perspective who wrote (10519)6/16/2009 8:37:01 PM
From: skinowski  Read Replies (1) of 41494
 
Yes. Not pretty.

I thought this rally would last at least for another several weeks, but it's beginning to look like it's trying to roll over.

Could be the beginning of a 3 (or C)... to match the entire decline into March. Most likely to new lows.

Could be also just a correction before yet another leg of an advance. On SP the 38% and 50% retracements of the March rally are 846 and 812. Next important support is not far off -- 875-ish
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