Thursday, February 10, 2011

SPX Daily - Thursday, Feb 10

@ 4 PM
Today's market action only muddied up things...
If today's morning bottom was wave (ii), the rest of the day was nothing like a 3rd wave.
My best guess is today's bottom will be retested before advancing higher.



@ 2:30 PM

This sideways correction is starting to look like minuette iv. If thatz the case, subminuette (i) will have to be recounted as minuette iii.
More important, that means minuette v is all that remains to complete Minute 5, Minor 5 and Intermediate C.

This is the alternate count for now.


@ 1 PM
Amazon does it again....
AMZN has been recounted.

@ 12 Noon
A pretty good 7 wave "double three" for wave (ii).

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