Wednesday, May 18, 2011

SPX Daily - Wednesday, May 18

@ 4 PM
We can only hope that Minute 4 is indeed over, and this is not another wave X teaser.
And the market proceeds higher in Minute 5.

Whether we get an abc or a 5-wave for Minute 5, remains to be seen.

@ 1 PM
Micro (i) was a diagonal, indicating waning upside momentum. Truncated 5th is a possibility. 

@ 12 Noon
The probability of being in Minute 5 now, is much higher than yesterday.

2 comments:

  1. i agree -- looks like we go make new highs now

    ReplyDelete
  2. I knew you would come back ;)
    Hochberg's and Dan's method of counting is not how Elliott says to count the waves.

    ReplyDelete