Thursday, April 7, 2011

SPX Daily - Thursday, Apr 7

@ 4 PM
Hard to ignore that triangle....
May be we did get that rare WXYXZ "triple three" combination correction, where the final wave Z is a triangle....

We will get a confirmation tomorrow, one way or the other.

@ 2 PM

Updated Posts for :   AAPL     JPM     XLF    NFLX   

SPX  :  Minuette   Minute   Minor     Intermediate        Primary

@ 12 Noon
Extreme caution warranted with the wave count here.
As I have mentioned before, the rise from 1249 may just be Minute 1 of Minor 5, not the entire Minor 5.



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