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

To: Perspective who wrote (9078)	10/24/2008 11:31:22 AM
From: skinowski	Read Replies (1) \| Respond to of 41410

It's possible. In my mind something like that would increase the confidence level that we are indeed dealing with the 4th of 3, and not a smaller degree wave. So far it feels - somehow - that it didn't last a long enough time to match the July rally (2 of 3).

To: Perspective who wrote (9078)	10/24/2008 11:43:22 AM
From: robert b furman	Read Replies (3) \| Respond to of 41410

Sox now in the green!!! Bob

To: Perspective who wrote (9078)	10/27/2008 4:48:19 PM
From: skinowski	Read Replies (3) \| Respond to of 41410

be poised for a violent "C" back upwards There is a possible ED on 30 - 60 minute SPY... If that's the case, the ED started at the top on 10/14. Now, we would be in the final Wave 5. Connecting the relevant recent minor lows, the line projects to about 83 tomorrow. Allow a significant overshoot - to flush out stops under the Oct 10 lows. I think at this point it is unlikely that we would have a "violent C up". The reason for that is that an ED cannot be Wave B. I think it is more likely that this impending low tomorrow will be the end of Wave 3 of 3 -- and the rally should be, in fact, Wave 4 of 3. It should last for several weeks (wave 2 of 3 lasted for about 6 weeks). It is strange to think in terms of another strong wave down towards the end of the year, but that's what this formation, if it ultimately proves correct, suggests. The main alternate is that we'll find ourselves in a still evolving 4 of 3. I suspect that since just about everyone is expecting a great cathartic panic... it will not happen for now.