SPX Minor - March 9, 2011

The size of this triangle is making me think about the whole (C).

Minute 4 is looking the size of Minor 2 and Minor 4, which both lasted about 25 days.

We have to open up to the possibility that (C) will be composed of 9 subwaves, not 5.
Technically, 9 waves have the same significance as 5 waves. 

That means the markets may have two more significant legs up with a 25 day correction in between.

The lack of any urgency in JPM , XLF and BAC  to complete (C) adds to this possibility.