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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (488)	3/6/2003 4:53:26 PM
From: Shack	Read Replies (1) \| Respond to of 41659

Yeah, the futures were heavy overnight, to be cute or not to be cute, that is the question for trade entry. Not a bad idea covering tonight and you'll do very well, although if we gap down out of that COMP wedge, I don't see how we reverse until the lows. The trouble has been the move off the feb 18 high has been an unreal mess, it smells of a very complicated corrective wave. The very bearish alternate is that the wedgy upwards sloping mess we saw last week was actually a truncated 'c' wave in which case we will simply melt right here. I've even toyed with the Feb 13 launch as being a 'C' wave in a running correction but we came off that top too chopilly for that to work. My gut tells me we revisit the Feb 13 lows now but something like this INTC sh*t certainly has the potential to hammer us a decent low.