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


To: jaker who wrote (9487)12/2/2008 12:18:21 PM
From: skinowski  Read Replies (2) | Respond to of 41412
 
SP has run up to overlap with yesterday's consolidation. A short to IT bullish version of this surreal current action could be that Nov 21 low was still "the" low for the big Wave 3 -- and yesterday's action may have been wave "b" of an "abc" up - with "c" currently being in progress.

By the time this "abc" will be completed, we'll label it "A" of a larger "ABC" up. By the time the whole freakin' thing plays out, we may be well into the winter months, and we may yet have our Big Wave 4.

If SPY goes above 85.50 something like what I described above may actually become a possibility. Gotto see how it plays.