Tuesday, April 19, 2011

SPX Daily - Tuesday, Apr 19

@ 4 PM

 
@ 12 Noon


5 comments:

  1. Vega - Looks perfectly counted to me (knock on wood).

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  2. Jeffrey,

    Just trying my best to provide a neutral and unbiased count :)

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  3. ...and make some money for yourself too i hope. We just got our subwave 3 acceleration higher right on schedule Woof! Woof!

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  4. Yep! thatz the idea.

    I know you are looking to mark a P2 when this ABC up finishes. I however insist that you do not discount the possibility of an ABC-X-ABC for a P2.
    That is a double zigzag combination correction for P2.
    The next leg down could be just a quick sharp wave X correction, followed by another zigzag ABC Up.

    You have seen recently how this can happen in Minute 2.

    The sharpness of X can easily be mistaken for the start of P3. The "official" and "popular" counter's will count it as 1,2,{i,ii,...} of P3 down, but I will stay vigilant to the possibility that it could just be an abc X wave down.

    Woof! Woof!

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  5. thanks for the tip! I will certainly stay flexible... I trade short-term. so no matter the 5-wave (it's ultimate labeling) I will go short when 5 waves complete of all degrees. It's the only way to go...you can only trade the (immediate "squiggles" -- anything else is more investing or swing trading. Just trade the waves...worry about the ultimate labeling later!

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