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

To: Galirayo who wrote (7563)7/10/2008 4:38:34 PM
From: skinowski  Read Replies (3) | Respond to of 41606
 
I think you may have nailed it. Will check later on QCharts. A Broadening Triangle in a wave 4 (of 3) position could be the best explanation. Not sure about the degree of the triangle - more likely it would be 4 (of 3), but can't rule out that it could be an evolving Wave 4 of the entire decline since the May top. The former is more likely. Thx.



To: Galirayo who wrote (7563)7/12/2008 5:15:08 PM
From: skinowski  Read Replies (1) | Respond to of 41606
 
Speaking of Broadening Triangles since late June - check out the 30-60 min XMI. Looks interesting. Unless it is negated by early strength on Monday, it appears to be calling for at least another meaningful down swing - 5th of 3, or maybe even 5th of the entire decline since May.


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