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

To: skinowski who wrote (4603)	2/9/2006 10:11:11 AM
From: skinowski	Respond to of 41475

short SPY from 127.28. R/R seems OK, stops not far... we'll see how she plays.

To: skinowski who wrote (4603)	2/9/2006 11:55:52 AM
From: skinowski	Read Replies (1) \| Respond to of 41475

S&P 500 March'06 e-mini futures) The internals suggest that the immediate action may be a fourth-wave. In any event, trade above 1276.50 and in particular 1278 would warn that the bearish count is wrong and that the larger pattern off the recent top was only A-B-C down. Technicals are not helping, as the next level of hourly technical resistance is higher. At this point trade would have to come back under 1266 to keep the bearish count at preferred status. Allow for a small fifth-wave pop higher now, as long as 1278 is not appreciably penetrated to keep the current count alive. Agree - this appears to be a very important juncture. I should probably not quote them directly anymore, lest they get upset with me. After all, anyone can go to their site and get it.