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

To: The Freep who wrote (129317)	2/9/2006 4:31:08 PM
From: Shack	Read Replies (8) \| Respond to of 209892

So it comes down to one of 3 scenarios for me regarding the SPX, as such I suspect this analysis is useless to most.-vbg 1) The correction off the Jan high indeed finished yesterday and the late day decline today is just a wiggle (ii) and we are going right back up tomorrow: Bullish in all time frames. 2) We are about to make a new low and the correction off the Jan high will take the form of a 1-2-3-4-5 wedge completing around 1245: Bullish in all time frames except the next couple of days. 3) We make a new low, do not recover the wedge and head into a major (3) down thus making the big weekly ED's far more likely to be real. Bearish in all time frames. I am evenly split between the first and second scenario, I continue to give the third some respect, albeit very little.