Thursday, August 4, 2011

SPX Daily - Thursday, Aug 4

@ 4 PM

Germany refusing to further foot the bill for Euro's illness
Beginning of the end for the Euro.

Squiggling on a day like this is interesting as well as challenging.
Minuette (iii) is extending and I will just leave things at that.



A quick look a the 1987 abc crash, where wave c extended mercilessly to the downside.

@ 12 Noon

SPX breached the Apr 2010 high today, NYSE did that yesterday.
Selling pressure of (iii) of minuette iii of Minute 1, appears to have climaxed.


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