Friday, December 10, 2010

SPX Daily - Friday, Dec 10

@ 4 PM

The current sideways movement does not look anything like a wave 2. I am counting the SPX to be in minuette 5 of Minor 1. Most likely a diagonal, reaching upto 1245.

Will count in a way to reach the projected  SPX 1300 by Jan end. 
Plan to post a lot more charts over the weekend.


@ 12 Noon

Mr Market is not providing any more clarity... I think he will keep us guessing over the weekend.

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