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

To: Perspective who wrote (10545)	6/20/2009 11:16:28 AM
From: skinowski	Read Replies (1) \| Respond to of 41494

In classic TA the rise from Nov is a wedge, and the support trendline is probably fully valid. In EW terms I'd call it a zigzag, with the second impulse starting at the early Feb low. Interesting that the second up wave is not as steep as the first, showing waning momentum. I'm not bullish this chart, but just for the heck of it (and for discipline), the bullish alternate could be a Leading Diagonal. That would still call for a significant pullback, before anything else happens.