Thursday, August 13, 2009

SPX- 8-13 AM Update

Based on the action this morning, I will have to flip-flop my primary and alternate counts.

I have a (b) wave of Minor B working it's way higher into the 1013 - 1020 zone.

If for some reason the remainder of wave (b) of Minor B falls short of 1012, it may still keep my alternate count alive. The 1012 level would make this segment 78.6% of wave (a), which then makes it possible to count this leg up as a wave (ii). I think this is most unlikely but it still remains an alternative. A break above 1018 and the alternative will be invalidated.


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