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To: Moominoid who wrote (142336)	3/14/2007 2:09:13 PM
From: skinowski	Respond to of 209892

On SPX wiggles, it looks to me that the morning was spent completing the 4th wave of the little impulse off the 3/12 high. edited

To: Moominoid who wrote (142336)	3/14/2007 4:34:46 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

SPX 2/22 - 3/5 decline was - almost certainly - a fresh impulse. The decline of the past few days (50% of the first leg down) could be a) all of C of an ABC correction off Feb top, b) 1 of C of an ABC correction off Feb top, or c) 1 of a larger decline, aka 1 of 3. Did I forget anything? Oh yeah, all this recent action may still be an Expanded Flat starting from the 3/5 low, with the "B" bottoming today, and "C" up now in progress. Which one is it? Hopefully, as we here used to say, the bounce will tell the story. There are some more - less likely - paths that are open.... but enough for now,,, -g