Thursday, 10 June 2010

20:07 SPX Update

If we take out the high of wave 1 marked on the chart in the last post without making a new high first, then that may be wave (C) complete (I can adjust the labelling to show 5 waves up from where I have the wave (B) low). It would be quite short compared to wave (A). Currently, its only .382 x [A]. So, maybe then we'd need to be alert to the possibility that its only the first wave of (C) at today's high.