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


To: Perspective who wrote (9279)11/12/2008 1:42:15 PM
From: Galirayo  Read Replies (2) | Respond to of 41410
 
SPX is @ 869 / 867 and what I count as the D in this Triangle ..

We dance around this area for a day or 2 and find E up ..

Then we Plunge like Designer Necklines at the Emmy Awards into a 5th Wave Down. ???????????

Message 25166101



To: Perspective who wrote (9279)11/12/2008 5:55:34 PM
From: skinowski  Read Replies (2) | Respond to of 41410
 
You are right. I wish we had a more active short term discussion - this thread has a good potential in this respect. I work pretty long hours, but starting January will be cutting my workload by about 1/3 - probably, will become more available.

I don't have access to charts now, but looking at the chart posted by rayrohn a few posts below, it seems that we may be in a spot where "d" is likely to be over. The risk for a quick play for wave "e" may be small. I'll need to look at it closer tonight when I get home; the game may be worth the candles.

(I don't always agree with Ray's labeling, but his calls often are very good).

Note that an alternative (to "e" of a triangle) is a setup for a 3/3/5 down. If the presumed "b" gets taken out, that means we're likely down in the 5th of the LARGE 3 since May........ unless our 5th of 3 elects to take the shape of an ED.