SPX intraday update (part 1)
Tuesday, December 14, 2010
Nothing changed since my last update. As expected new high will be made, then some correction will be happen.
Read more...
Alternative count (no chart): wave i of v still underway and wave v of i of v is a bearish weadge or ending diagobal.
Read more...1-2 1-2 or some kind of triangle? Don't think the blue count will prevail
The only way the blue count could prevail is that this move down was a A of some kind of triangle to complete the iv wave. I don't buy it.
For now i'll keep the II wave as a running flat.
Good Luck
PS: just want to say god bye to an "old" friend that left us. Rest in peace my good friend Joaquim Magalhães. You will allways be in the heart of those who had the pleasure to met you
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