Monday, April 18, 2011

SPX Daily - Monday, Apr 18

@ 4 PM
Just got a little jiggy with the squiggles to kill the rest of the day........

@ 2 PM
After the initial rush, this feels boring.......


@ 12 Noon
Well, we made a new low for Minute 2, right at the 50% retracement.
Who could have seen that US debt outlook downgrade coming....

Things are still very much in the realm of Minute 2.
The last zigzag will have to be recounted as wave a of the final flat z in the wxyxz combination correction.
Also, wave c of z has finished tracing 9 waves.
May be triple zigzags are indeed rare.....

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