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

To: skinowski who wrote (9358)	11/18/2008 12:11:17 PM
From: Perspective	Read Replies (1) \| Respond to of 41419

Yep, after such a strong impulsive move as we had the past few months, one would certainly expect a terminal structure - something like a triangle wave four, or an ending diagonal fifth. I think that's a reasonable expectation. It's reasonable to think we're serving dessert, as AA would say. Give it some time, and we could be ready for another grind downward. I think something like the 1930-2 grind is a reasonable expectation for stock prices. `BC

To: skinowski who wrote (9358)	11/18/2008 3:32:49 PM
From: Perspective	Respond to of 41419

One of the interesting things to me is that I'm starting to see "better" looking patterns off the lows. Impulsive looking structures with clear five wave divisions, coming during the two key hours 10-11AM or 3-4PM. Nice, deep retracements of the advances. No bottoms have held yet, but this contrasts with increasingly dribbly downward pushes. All consistent with the idea that we're in the final days of this leg down. The fly in the ointment for me remains which stocks are moving up. The herd continues to flock into the stronger RSI stocks, and continues selling the weaklings. It's quite dramatic today with the disparity between Nasdaq and DJIA. I don't know how significant of an issue that is, but at the final bottom, the "flight to quantity" will probably not be evident in each rally. `BC