Friday, January 7, 2011

SPX Daily - Friday, Jan 7

@ 4 PM 


Today's low had wave (iv) put a pin through wave (i). So will have to use the alternate count today.
Today's low is comparable in size to minute 2, so labeling it as minute 4.
In this count, minute 1 =  73 points. minute 3 = 42 points.
If minute 1 is extended, and minute 3 equals minute 5, minute 5 should end at 1304.

@ 12 Noon

Wave (iv) should end above wave (i) , 1262, for this count to stay valid.

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