Monday, 13 September 2010

16:32 BST - SPX Update on the single zig zag count for minor 2

For the single zig zag count, here's a closer look at the 5 waves up from the August lows that would be all or part of wave [c] of minor 2:

SPX 1 min - close up of the single zig zag from the August lows:

As I said in my earlier post, if we take out 1129.24, this count will become the best count for the bear case, especially as it may be that any high above 1129.24 could be the whole of wave [c] of minor 2, which would likely be the end of minor 2 (in terms of time, wave 2 would be just more than 1 x wave 1).