Wednesday, August 3, 2011

SPX Daily - Wednesday, Aug 3

@ 4 PM

Squiggles on the SPX look better than those on DOW.


@ 12 Noon

The Minor 5 Up count I was showing on the SPX is eliminated by today's action.
Below, The Minor 3 down count on the DOW. Followed by a slightly different squiggle count on the SPX.

It is very likely there are more extensions than I have labeled here.
First off the size mismatch between minuette ii and iv.
Also on the SPX, the waves i & iv overlap.


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