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

To: skinowski who wrote (12337)3/10/2011 5:46:27 PM
From: rcksinc  Read Replies (1) | Respond to of 41549
 
ski
That is exactly how I see it. Down needs to do a lot more down to be very convincing. I see 1275 area or higher holding should we get that far and then the bounce should be very convincing if the Buyers/Bulls are still in control.
I like your entry for a long but I always enter where I think it should bounce and exit if I'm wrong. I should have plenty of cushion, if we make it up to triangle...



To: skinowski who wrote (12337)3/10/2011 5:48:18 PM
From: robert b furman  Read Replies (1) | Respond to of 41549
 
Hi skinowski,

Tour last two posts have been excellent observations.

Thanks for posting them.

You keep a very rare balance without a preference.

Bob



To: skinowski who wrote (12337)3/17/2011 7:28:27 PM
From: skinowski  Read Replies (3) | Respond to of 41549
 
Three-waver down on SPX. Today's action could be the start of wave 4 -- or the start of the new leg up to new highs. The low of the presumed 1st wave, near 1295 or so will be an area of important resistance. The Saga continues.


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