Monday, April 5, 2010

SPX daily update

Nothing changed since last update. I have some doubts if this trend will finished with this "small" wave v or if this is the first part of the wave v. Maybe the end will  be at the 12xx's!

1 comment:

  1. Maybe I didn't make myself clear, usually 1wave=5 and 3rd is extended. So as you can see now it will be the case now. So my question was simple how you could get is so wrong from 1045 upwards...
    It is very clear 5 wave with extended 3rd.
    So now we finished 3rd small in 5th. Since 5th is not so clear it could be ED or only now truncated but not before...
    My suggestion was that you use relative proportions of waves and fibonacci progressions, otherwise your drawings are not very useful. You've changed too many times wave order. Yes you can modify your prediction but not so many times, you will be right once but that's not quality analysis.
    Don't take it personally, it's only my suggestion, worth considering I hope

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