SPX intraday update (Part 3)
Thursday, February 24, 2011
This pattern, since the 1311, isn't impulsive. So maybe is a bullish wedge (Moguita's count) ou some double/triple zigzag (Filipe's count).
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Alternative count. I would expect at least one more wave down.
I would like to see, at least, 1280
Good luck
Edit: Zoom in
With this new low SPX only now may close the wave 1. After see the cash, this will be may primary count. Later I will show the chart. Alternative count is the last chart that I showed yesterday.
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