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

To: Perspective who wrote (9453)	11/27/2008 3:55:01 PM
From: skinowski	Read Replies (1) \| Respond to of 41415

Let's have a couple of low key cheers for old Ralph Elliott. The rally since Nov 21 completed an impulse, consolidated, and then traced out another wiggle impulse to new recovery highs. The new advance is likely to be either wave "c" - or - 1 of 3(or C) up. Short term, a break below SPX 835 (Nov 25) could be a good sign that... this recovery may be over - or that, in any case, it's starting out by tracing out "threes", which suggests bearish longer term implications.

To: Perspective who wrote (9453)	11/28/2008 11:51:04 PM
From: Galirayo	Read Replies (1) \| Respond to of 41415

The SPX is ready to encounter the 1st Horizontal .. Since I'm still on a Triangulation Theory .. I'll count the completion here as A .. and then we enter "B" of a Leg within the Triangle. It's made it past the 13ema and PSAR. stockcharts.com WTIC is still @ R on the 13 and PSAR .. .. It's showing an Imperfect Bearish .. Stick Sandwich .. but it's hard to find Perfection .. Aeh ? 55.00 area is still holding as R .. it's that Old Double Top BOut .. holding it back. stockcharts.com