SPX daily update
Monday, January 11, 2010
This is my primary count if the ending diagonal will not resume in these days. Triple zig zag and possible end of this rally at March and at 61 % retracement.
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This is starting to look like a flag. If this "picture" is in place maybe the green count is the right one, and we should expect a big move down.
Either way i expect a move down. For now i'll keep my primary count.
Depending on the size of the next move i can change my count...
Good luck
Seems the correction already finished and new highs will be made very soon. latter I will show my chart.
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