Thursday, 7 October 2010

18:29 BST - SPX Update on the (1)-(2)-1-2 down

Referring to my last post, I'm not sure I like the depth of that wave 4 of (3) on the main count which assumes we topped at 1163.87.  The previous count isn't invalid, but  still, I've re-labelled the (1)-(2)-1-2 as shown below:

SPX 1 min - top in at 1163.87 or still in wave iv?

For this labelling, 1157.42, the wave (2) high, is the invalidation point.