Monday, March 21, 2011

SPX Daily - Monday, Mar 21

@ 4 PM
The wave structure is'nt any more clear.
One possibility is that Minor 5 can be truncated with 9 subwaves. Six subwaves can be counted so far.
Impossible to make any definitive call.


@ 12 Noon
The 1344 top looks less likely today, so we will look at the alternate count where intermediate (B) is a double zigzag, and this correction is a minor 4.

To add to this boiling pot of counts, the financials are not participating in this rally today.

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