Friday, 8 October 2010

18:58 BST - SPX Update: Possible top in, but beware of the alternatives still in play

Its possible that we've completed 5 waves up from the 1151.41 low to complete wave v and (v):

SPX 1 min:


1) until we take out 1161.09, we could still be in an expanded flat wave [4]; and 

2) until we take out 1158.58, we could be in an expanded flat wave (2); and

3) until we take out 1151.41, we could only have seen wave [1] of v at today's high.