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To: skinowski who wrote (9167)	10/29/2008 11:12:44 PM
From: Galirayo	Respond to of 41419

I flipped thru a lot of charts tonite .. and I see a lot of different type of triangles. Looks a lot like of them are in consolidation with huge volatility tapering into the apex of them. None of them have moved above the DT lines yet that I saw. The XLE is only back up to retest the 61.8 Fib so far. Message 25107841

To: skinowski who wrote (9167)	10/29/2008 11:29:22 PM
From: jaker	Read Replies (1) \| Respond to of 41419

The Spanking Uncle Bucky got today, suggests carry trade nearly unwound... However, I think SPX daily has entered 4 corrective Friday. We know about 4th waves, they can be so screwy nobody knows where we are (imo). How about a Fib , Dead cat bounce? A few weeks? So that puts me in the IT believer camp

To: skinowski who wrote (9167)	10/30/2008 8:05:44 AM
From: Galirayo	Read Replies (1) \| Respond to of 41419

SPX ... Well here's what I see. If we give it the benefit of the doubt and call it an IT Bottom and Award it a Fan on the Bottom Pivot .. price is above the 45* 1x1 for now. We're going to see how it handles yesterdays High and the top DT Line in the ED Formation it may possibly be forming since the Futes are up to about 956. Im still leaning to the November Dates I mentioned a while back for a genuine turn. Message 24983504 img48.imageshack.us