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Strategies & Market Trends : CFZ E-Wiggle Workspace
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From: skinowski3/7/2011 5:38:44 PM
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Very curious formation in SP since the second half of February -- it is either an obvious Triangle, which would be bullish.... or a series of 1st and 2nd waves down, which could be quite bearish. Whichever it is, it looks like the consolidation is coming to an end. If not tomorrow then the day after I'd expect either a breakout to new highs, or a breakdown. A move in either direction may be worth a trade.

Notice that if this proves to be a triangle, that may be negative in the more intermediate term, since triangles tend to occur in Wave 4 (or B) positions, right before the *last* leg of the preceding trend.
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