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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: venividivici who wrote (1682)	9/1/2006 11:52:07 AM
From: Moominoid	Respond to of 2852

At midday SPX is near its highs and NDX off. Bonds also rose in price (I was teaching in between). Still confusing.

To: venividivici who wrote (1682)	9/1/2006 12:32:10 PM
From: Moominoid	Read Replies (1) \| Respond to of 2852

Maybe the wave starting last Wednesday or Thursday is an ED? Rather than a "three" and the whole move from the July low is some sort of double zig-zag... any interpretation is kind of stretched. The problem is that the early parts of the move in July look pretty corrective. Then there is a huge impulse in mid-August and then a corrective looking wave down and a corrective looking wave up which now goes to new highs. Here is a chart: Does this make sense? Finally worked out how to embed a chart :)