Thursday, March 31, 2011

SPX Daily - Thursday, Mar 31

@ 4 PM
In this count minuette i is extended. If minuette v equals minuette iii = 26, it would top around 1350.
@ 12 Noon

Posted by Vega at 9:17 AM

3 comments:

  1. JeffreyGTCMarch 31, 2011 at 2:57 PM

    Hey Vega - I hope you keep posting your counts. I check in a few times a day for a second opinion. You've been doing good work!

    I agree the short-term waves suggest a little higher for the 5th subwave to finish out a larger 3 wave. I wonder in the 3 could be Minuette 2 before beginning Minuette 3 down below 1249?! In any event, I'll be hoping to see 1332-1336 so i can get short there.

    ReplyDelete
  2. VegaMarch 31, 2011 at 3:47 PM

    I certainly hope my posts are helpful.

    Consciously rejecting the most bearish count has been a good strategy so far.

    "I wonder in the 3 could be Minuette 2 before beginning Minuette 3 down below 1249?"

    Not sure what you mean.

    A Minute 4 could be sideways or a triangle. Will be wise to short accordingly.

    ReplyDelete
  3. JeffreyGTCApril 1, 2011 at 2:44 PM

    I was wondering about Minuette 2 up from 1249 topping - like this (not sure the odds are high for it)

    http://jeffreygtc.blogspot.com/2011/04/friday-abc-2.html

    ReplyDelete

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