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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: robert b furman who wrote (40086)1/28/2024 1:48:32 PM
From: skinowski  Read Replies (1) of 41471
 
All I can say, Bob, is that I don’t see an ED on the chart.

Being in the early stages of 3 of 5 is possible. But, with a little squinting, I could also see being near the end of the 5th out of the October 2022 low. Which, of course, could imply a significant correction in the not too distant future.

In other words, I don’t think that this is one of those junctures when EW reads should be relied upon too much.

I’d say, the advance out of that Oct 2022 low is impulsive. So, the odds are in favor of having a big bullish wave UP after the correction of the advance (since 2022 low) is completed.
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