SPX Minuette - Jun 29, 2011

Once again duly noted that some of the 5th waves are abc. instead of a 5-wave.
As I had noted earlier that some wave c's had an abc subwave structure instead of a 5-wave.

Minuette v of Minute 3 counts as an abc, and so does Minute 5 of Minor 1 in the chart below.

This created a substantial uncertainty in counting Minute 5 as a part of a combination Minute 4 correction.
The Intermediate (5) on the P1 down from Oct 2007 to Mar 2009 also looks like an abc. And if this is a frequent occurrence it will complicate wave counting in the future.

Also since this may not be final count and still could change, will revisit this chart at a later date. For now it is on the watch list.