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

To: jjstingray who wrote (3288)	6/24/2003 2:48:11 PM
From: At_The_Ask	Respond to of 41518

Looking at oex there are two clear impulses off of the 18th highs. There are some reasons to believe we get an extended fifth due to the fact that the putative 1 and 3 are near equal. It could also be that the down from the 18th isn't part of a flat at all and that it is just a zigzag correction. New lows will eliminate this theory. This kind of thing happens all the time so the only thing to do is look at s\r and keep in mind that the daily trend is up. If we bottom now and make a lower high tomorrow there will be a very ugly head and shoulders on the spx.