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

To: skinowski who wrote (4462)	1/12/2006 9:00:06 AM
From: the-phoenix	Read Replies (2) \| Respond to of 41490

I've been seeing five waves up since the middle of last week. <NG>. I'm invariably too early when looking for the end of this kind of move. Jettisoned my SMH calls at only about halfway up on this blast off. Just waiting for the pullback that seemingly never will come.

To: skinowski who wrote (4462)	1/12/2006 8:00:00 PM
From: skinowski	Read Replies (1) \| Respond to of 41490

PWTS -- Pullback Will Tell the Story SPY 10 min offers a fairly clean view of a three wave decline off the top. Is it a pullback or a reversal? A rally from this level to above today's intraday high (129.28) would confirm the decline as a three-waver. If instead the index makes new lows tomorrow, it will begin to look like a wiggle impulse down. The advance off the Jan 3 low did everything needed in order to look like a completed impulse. The entire move looks somewhat "squashed", since both (putative) 3rd and 5th waves combined equal only ~78.6% of the 1st.