Wednesday, February 23, 2011

SPX Daily - Wednesday, Feb 23

@ 4 PM
This should be the count, if a top is not yet in.  Minute 2 & Minute 4 look comparable in this revised count now.
Since Minute 3 is now 70 points, Minute 5 should top under 1370.

 This is the count if the top is in.
@ 2 PM 
If the top is in , (C)/ (A) = 334 / 553 = 3/5
These are the Minute and Minor Degree Counts.
This is the "Top Is In " Daily Count. 


@ 12 Noon
Now that minuette (iv) is overlapping minuette (i), the count will have to be revised. 
The top @ 1344 cannot be ruled out, it is pretty close to our 1350 target.
We will keep our options open.

2 comments:

  1. hey vega - just read your comments at my blog - i never look for comments - never had any before! lol

    my 2 cents - looks like 1344 was either the top of P2 or perhaps Minor 3 - with a minor 5 to put in a small new top -- but i suspect 1344 is THE top.

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  2. Yeah, looks like we can still have the top at 1350 by mid March.
    If 1344 already has not been the top.

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