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

To: jjstingray who wrote (161126)	2/1/2008 3:12:56 PM
From: Perspective	Read Replies (3) \| Respond to of 209892

Here's my guess. We're in a zig-zag targeting SPX 1420: Makes "c" pretty close to equal to "a", 62% retrace of the prior downwave, and gets to some more substantial horizontal resistance. I suspect it is part of a larger upward corrective structure (an "x" wave), but I'll be looking to re-establish short exposure at that level. Would be a much easier short if we were to start wedging out now in the "c". Also, if BKX gets stopped at 100, RTH stops here, and TRAN stops a little above here, all the leaders of the rally will be turning at resistance. Now it's just gotta cooperate...<g> `BC