Friday, February 3, 2012

SPX Intermediate - Feb 3, 2012

Previous SPX Intermediate Post

Have to consider the possibility that the Wave X bottomed on Oct 4th @ 1,074.
Since COMPX has exceeded the May 2 high, the previous count is invalidated.

Since a Greek default is widely expected to cause a severe correction, market may do the contrary.


2 comments:

  1. Vega,

    CHANGE IN TREND TOP TODAY OR MONDAY 2-6
    http://markethighsandlows.wordpress.com/

    ReplyDelete
    Replies
    1. The market has rallied 187 pts from the Nov 28 low.
      A brief correction is indeed due.

      Delete