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


To: Galirayo who wrote (8521)9/10/2008 9:16:12 AM
From: skinowski  Read Replies (3) | Respond to of 41414
 
Must say "iii of 3 of 5" is something I do not see. I think the most likely count is that May top was Wave 2 (or B). July low was 1 of 3 (or C).

At this time we may be accelerating into 3 of 3 (or C) down.

A bullish alternative is that July low was the low of ALL of C - and we are off to new bull market highs. I think that is unlikely, but under EW rules not impossible. A rally above the May top would make this bullish count active.