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

To: rayrohn who wrote (11677)	5/22/2010 6:59:53 PM
From: skinowski	Read Replies (1) \| Respond to of 41469

I'd have to say the view that the decline from April top into last Friday's low is a complete impulse has a lot of appeal. If that's the case, 1150's is a good possibility, of course. Moreover, the top of the putative Wave 4 (7 days ago) would be even higher, in the 170's - and could prove to be an "attractor". There are other possibilities, of course.... but a violent bounce from around here to fairly high recovery levels could... work off the bearish fears and become a bull trap.