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

To: Perspective who wrote (9934)	2/9/2009 11:49:28 AM
From: skinowski	Respond to of 41413

SPX -- The rally from the Nov low to Jan high was a distinct three-waver, which is a strong indication that the downside is not done yet... meaning that the ultimate low of this bear market has not been achieved yet. However, in shorter time frames there are plenty of possibilities which remain open. Tell ya, even in the long term my mind keeps returning to the possibility that we may be in Wave C of a secular Bear which started in 2000 -- and this "C" may prove to be an ED, which may imply pretty sustained prolonged bullish periods (waves 2 and 4). (Actually, on a more intermediate scale, the missing 5th since 2007 may also prove to be an ED - in which case we must be close to rolling over into a strong down move to complete wave 3). Recall that if (and that is a big IF) we are in a long term ED, than we may already be in a sustained rally mode (a break under last week's low would pretty much eliminate this latter scenario). So far the best trade since October was to be a seller of options, which I've been doing, albeit on a moderate scale.

To: Perspective who wrote (9934)	2/12/2009 11:04:34 PM
From: Galirayo	Read Replies (1) \| Respond to of 41413

Let's Update this Pig ... While it sits on the Fence of ... Ole Man Gann. ;) I can't understand the Hammer today .. the Fence musta needed a Repair. It's a weird triangle .. but a triangle none the less. img165.imageshack.us