Tuesday, February 22, 2011

SPX Daily - Monday, Feb 22

@ 4 PM
Exciting day after a long weekend.


@ 2:15 PM
If thatz a fourth wave triangle forming, it will break to downside.


@ 1 PM
The move down today can very well be counted as a five wave down. For a confirmation, we need an abc up and another five down. At this point, both counts are in play.


@ 12 Noon
Today's correction has to be counted at least as minuette iv, if not the start of minor 1.
The count has been revised.

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