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

To: Galirayo who wrote (11048)	9/24/2009 2:35:21 PM
From: skinowski	Read Replies (2) \| Respond to of 41419

Hey, R., your anti-energy bias is showing... :) Looks like SP is completing an impulse off yesterday's top. The usual... hmm... boring question is - What's next? Was it a C - or an A - of yet another quick correction? Or is it the first step of a larger downtrend? Sentiment-wise, a case can be made for the latter - in other words, the market is "ready". But - the price action in the larger scale is clearly pointed up. The burden of proof is on the bears.... and it's been a long time since they were able to prove much of anything.