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

To: Galirayo who wrote (7812)	7/16/2008 10:05:08 PM
From: Galirayo	Respond to of 41419

Here's the Tighter Square for the SPX. img510.imageshack.us

To: Galirayo who wrote (7812)	7/17/2008 12:07:39 AM
From: skinowski	Read Replies (1) \| Respond to of 41419

About the 18th... how exact are usually those dates? Could they be an approximation? Or - could they mark a change - maybe an acceleration? - of an existing move? Interesting how XMI bounced off from the 62% retracement level of the advance since June 2006.

To: Galirayo who wrote (7812)	7/17/2008 12:12:35 AM
From: skinowski	Read Replies (1) \| Respond to of 41419

Remember that XMI Broadening Triangle? If that was Wave 4 (of 3 or C), the rally should not exceed XMI 1236. If it does, then I'd say the odds are that we are correcting the larger move - the decline since May. Will be interesting.

To: Galirayo who wrote (7812)	7/18/2008 10:15:26 PM
From: skinowski	Read Replies (1) \| Respond to of 41419

Traveling... checking in for a minute. Fwiw, on first blush it looks like SPX spent today tracing out a wiggle triangle - likely Wave 4. That would call for early strength Monday, followed by a Wave 2 or B consolidation. May prove to be something different.... but in any case, I'll tell you guys, the action of the past few days DOES look like an evolving impulse.... which implies that after a correction we are likely to see another rally - maybe to new highs, or - at least - a test of today's highs. Imho, it is probably premature to short - unless it is a day trade to catch the pullback. That's IMO. Been known to be wrong... it may just go a-crashing. edit - this was meant as a reply to your recent post, Ray, not the old one. I'm clumsy with the laptop... :)