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

To: skinowski who wrote (9786)	1/8/2009 2:08:13 PM
From: rayrohn	Read Replies (1) \| Respond to of 41561

if this down leg is a b wave then price should pretty much hold here ... I think I wait and see what tomorrow brings ...

To: skinowski who wrote (9786)	1/9/2009 7:29:54 PM
From: Perspective	Read Replies (1) \| Respond to of 41561

Looks like most of the indices closed at the support line of the wedges on the dailies going back to the beginning of December. Still relatively low volume at this point. Should be interesting to see if the support holds next week, or if we fall through it. While I know of a few who went ahead and took a chance and shorted Wednesday, I remain largely hedged. Don't need to be a hero. I'll rely on my sector selection for now. `BC

To: skinowski who wrote (9786)	1/12/2009 2:21:19 PM
From: Perspective	Read Replies (2) \| Respond to of 41561

All the SPX wedge support lines out of the November low have now failed as of today. Only funny thing is that the volume didn't increase the way one would expect with a wedge failure. However, price action is price action. Guess I'm looking to dehedge into any bounce. Congrats to those that stuck their necks out last week and sold it. `BC