Friday, February 3, 2012

SPX Primary - Feb 3, 2012

Previous SPX Primary Post

I have to assume that wave X bottomed on Oct 4 @ 1,074.
And the final wave Z is in progress.

And since the expected price movement is much less, the ECM turn date of June 6, 2012 looks like a good candidate for wave Z to top.
It forms certain Fibonacci time relationships with the Mar 2000 and Oct 2007 tops.
Oct 2012 remains an alternate choice.

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