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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: rayrohn who wrote (14890)1/31/2013 9:41:48 PM
From: skinowski  Read Replies (1) of 41404
 
All it what you want, but there is no doubt that the advance since the Summer - Fall of 2011 has the shape of a wedge, potentially a bearish pattern. Your read as a large scale "B" is also possible.

BTW, if SP hits 1560, by then the INDU will probably make a new all time high. That is NOT inconsistent with a possible "B" read.

So, we'll have to see. If we start seeing down impulses, breaks of trend lines - we'll need to watch out.
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