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

To: skinowski who wrote (8419)	9/3/2008 10:20:11 PM
From: Galirayo	Respond to of 41411

Thanks Ski .. I've been wanting to count it as a "c" but I was too lazy to change it until something definitive occurred. I can't emphasize enuff that The Red Line @ Todays Low .. is a Long Term 45 off the Bottom Pivot. May as well fill your Extra Clips in case you need them in the heat of this Bull / Bear Battle. ;)

To: skinowski who wrote (8419)	9/3/2008 11:51:34 PM
From: rcksinc	Read Replies (1) \| Respond to of 41411

ski Here is McLaren's recent take and I present it for discussion purposes. The fact that we haven't really started back down (even with Tues selloff) and remain above the 45 degree red line of Galirayo's argues that the correction is not complete. In this piece McLaren is taking the view that the correction could be over having achieved the 1/4 retracement and 45 day mark in time but historically in his view the 3/8- 1340 level is the more likely target and in time 60 days is probably the length. I am more in the camp that this needs to go further up before we fully test the lows but no big bets. mclarenreport.net.au