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

To: skinowski who wrote (4424)	12/21/2005 5:17:32 PM
From: the-phoenix	Read Replies (2) \| Respond to of 41587

So the options in non-tech are: BEARISH: We have completed w1 of a new impulse down and are either somewhere in w2 or have completed w2 and have started w3 down. BULLISH: We have started the 5 up, and are either in the 1 or the 2 thereof. Possibility that the 2 is complete and we are about to start a 3 up. ERGO... Very short term, we would seem to be pointed up for tomorrow, in every scenario except that we have just started a 3 down. It seems a remote possibility that a w2 could have completed with just this morning's rally, as the length of w2 in time would only be about 10% of w1, so I don't favor the most bearish case short term. Looking to the long side for at least the first part of tomorrow's session. Then we'll see.