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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (126677)	12/4/2005 4:08:07 PM
From: Henry J Costanzo	Respond to of 209892

COMPX..... STILL IMHO working on that little ED.....final wave 5 up of V up wending its way up since the Oct low....and could wend some months yet ...??

To: Shack who wrote (126677)	12/4/2005 9:20:04 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

You're right, of course, about COMPX. I'm not in a hurry to make any big commitments, but I suspect that the next BIG move in the markets will be down. The bullish sentiment is becoming pretty strong. The advances from the lows of last April-May so far are clearly a three-wavers. If the indices reverse and begin to create overlaps with the highs of last summer, that may be an early hint that the Bull market is done. For now... the action of the past several days looks clearly corrective, so, the indication from the charts is that short term trading should be done from the long side. That's what I'll try to do. Would be nice to get a deeper pullback, but so far I haven't received from Mr. Market any assurances with respect to that..... ;)