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

To: venividivici who wrote (4702)	2/28/2006 1:02:07 PM
From: skinowski	Respond to of 41612

In fact, I think this count has a good chance. There is little doubt that the index made a couple of impulse moves down starting from the January high. There is also no reason to see the action since the lows earlier this month as being other than corrective - considering all those overlaps. Ergo, it is justified to expect a 3 (of 3 or C?) - or, at least a plain old fashioned "C" down from 'round here.... that is, if we are to make the bullish assumption that the decline into Feb lows was a zigzag "A". My (niceish) dilemma right now is that there is no tight stop in sight. I covered in part, and if I'm to re-enter, as of this moment I'd have to give it lots of leeway. Waiting... Increased the PFE position - it seems to be a little stronger than the indices... but will stop the new entry against the LOD.