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

To: Galirayo who wrote (8297)8/17/2008 11:09:48 PM
From: skinowski  Read Replies (2) | Respond to of 41536
 
I think SPX Jan bottom was Wave 3 low counting since last October. The March low would be wave 5 down, completing an impulse.

The rally up to the May top was (in my preferred view) Wave 2 (or B) up.... and the down move which ended in July would be Wave 1 of the next impulse down (3 or C).

Big severe "3 of 3 (or C)" type events are exceedingly rare.... but if one of those wanted to make an appearance, the setup for it does exist.


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