Friday, March 11, 2011

SPX Daily - Friday, March 11

@ 4 PM
Unless a very sharp wave 3 like decline occurs on Monday, 1344 was not the top.
Today's bottom was the end of minor 4, and we are in minuette i of minute 5.



@ 12:30 PM
The alternate count where (B) is a WXY double zigzag
In this count (B) is bigger, and looks much more comparable to (A) in size and time.
Also @ 1380, we have (C) = .618 X (A).
That level is also a 78.6% retrace of the P1 decline!!


@ 12 Noon
 Don't see a third wave down yet....

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