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

To: Moominoid who wrote (6500)5/7/2008 10:54:49 PM
From: Galirayo  Read Replies (1) | Respond to of 41419
 
Thanks David .. where do you see the SPX in the grand design at the moment ??

Down ?? In a Brief Pullback or Down as in .. Down to Genuine support .. or ..

Down in Muni Bond Default into the Abyss ??

Nice Multiple Choice .. Aeh ?? ;)

Range Bound ?? As in Bear Territory ??

stockcharts.com



To: Moominoid who wrote (6500)5/9/2008 2:23:01 PM
From: skinowski  Read Replies (1) | Respond to of 41419
 
If I understand correctly, in this analog you see the current situation corresponding to that in early 1991 - a deepish bear trap, and then a rally. Anything's possible.

It seems that the advance out of the Oct 1991 low was an "equivalent" of a Wave 1 - followed by waves 3 and 5 later. It could be that the rally from this year's Jan - March lows was W1 of the new advance..... but for now I think it was corrective.


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