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

To: the-phoenix who wrote (5696)	2/4/2008 10:58:06 PM
From: skinowski	Respond to of 41447

I find that LD's are not as uncommon as we all think. Why should they be? An Leading Diagonal is merely an impulse where the 1st wave tends to be the longest, and the 5th the shortest, and where pullbacks overlap with peaks. There is no "real life" reason as to why this cannot occur relatively often, and I think it does. On a larger time frame, in a bearish version, this latest rally would have to be W4. If so, then the 5th wave down, if it happens, may actually complete the bear market -- since the whole enchilada would be likely to be a large Flat with an orthodox top last July. The bullish version, of course, is that the Jan low will stand, and we had an ABC down off the Oct top.