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

To: hawkeyefan who wrote (5891)3/4/2008 5:00:52 PM
From: skinowski  Respond to of 41714
 
I see what you mean. Bot RSI and MACD show bullish divergences, and the BB lower line is likely to offer support. But - who knows. We are talking about a 5th wave down -- divergences under such circumstances are to be expected - in time for a larger 2 or B up.

Or maybe even back to the Bull - if the Oct decline was a Wave 'C' of some sort. Don't have an opinion on this for now. It will become more evident after a decent bounce will finally materialise.



To: hawkeyefan who wrote (5891)3/4/2008 8:39:51 PM
From: Moominoid  Read Replies (2) | Respond to of 41714
 
Another possibility is that wave 4 ends at the end of January and what has happened since then is 3 waves of an ED?


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