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

To: skinowski who wrote (8596)	9/15/2008 10:42:47 PM
From: skinowski	Read Replies (1) \| Respond to of 41420

Just thought of a possible key to the SPX action of the past few weeks. I think it could be that the orthodox top of the July rally was on Sept 2. What happened since may well be a series of 1st and 2nd waves - a setup for a possible scary waterfall decline. Crashes, generally, are a bad bet - they are very rare. NDX seems to be close to completing some sort of an impulse from 8/15... all majors seem to be sporting bullish (MACD/RSI) divergences on the hourly, and some even on daily. Will those divergences get smashed - or will we bounce? We'll see how it plays.