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To: skinowski who wrote (135946)8/20/2006 6:13:35 PM
From: Moominoid  Respond to of 209892
 
The SPX is actually more convincingly bearish... but of course if it is still in some sort of ED then maybe that isn't so bearish.... or maybe in some sort of triangular correction... I think we will know a lot more in a week or two.



To: skinowski who wrote (135946)8/20/2006 8:23:30 PM
From: Henry J Costanzo  Read Replies (2) | Respond to of 209892
 
<<Based on the chart alone it can go either way. No one can convince me that the charts at this point indicate one direction to the exclusion of the other.>>

...which seems to me, SNS, to raise some basic questions about the usefulness of EW ...??? ...LOL


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