Thursday, February 24, 2011

SPX Daily - Thursday, Feb 24

@ 4 PM
Both the counts are in play.
We should be able to find out which one prevails in a couple of weeks.


@ 2 PM
Evidence is gathering in favor of a 5 wave down, with an extended third wave.


@ 12 Noon
The leg down from 1344 looks more and more like a 5 down.
On the DOW, yesterday's low has been breached and it is indeed 5 waves down.

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