Monday, October 17, 2011

SPX Daily - Monday, Oct 17

@ 4 PM

So far looks like things may be progressing well with the the Complex Correction Fractal.
The downtrend from May 2 high to Aug 9 low lasted 99 days.
The counter trend retracement from Aug 9 to Oct 14 lasted 66 days.
Giving 66/99 = 2/3 = .666

The final three legs down should be next.
Count on the longer term DOW chart looks pretty good.


@ 12 Noon

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