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

To: Galirayo who wrote (9755)	1/3/2009 7:37:48 PM
From: skinowski	Read Replies (2) \| Respond to of 41410

Looks like SPX wants to test next levels near 1000, doesn't it... that would be a 38.2% retracement of Wave 3 since the May top, as wel as the territory of a 4th wave of a lesser degree. The SPX (15-30 min) action of the past few trading days adds up to an impulse. May be time to stop for a while and decide what to do next. Could turn out to be "all she wrote" - or could be only the first leg of an evolving larger structure. Look for a consolidation and then a break to new recovery highs.

To: Galirayo who wrote (9755)	1/12/2009 7:02:09 PM
From: jaker	Read Replies (3) \| Respond to of 41410

SPX 180m... The Quest for the Holy Grail never ends. The chop in congestion zones can just drive a trader nuts. So, I started moving out to longer timesframes until the chop faded away, for now anyway... It is probably the triangle working it's way into the apex, therefore excessive whip-saw action as the ping-pong ball is batted back and forth at a higher rate from RTL (resistance trendline) to STL ( supportive trendline)... one for EW. h1.ripway.com