Friday, August 28, 2009

SPX 8-28 AM UPDATE



OneChiOnly came up with some good alternate count.

I added two labels for an alternate count in blue. Where I have minuette (iii) I have as an alternate as minuette (i). Minuette (iv) as minuette (ii). I have also labeled the alternate count in purple.

The reason is the correction from 1039.47 so far looks like a zigzag, which is indicative of a wave 2.

The other alternate count is that P3 has begun. A break of 1016 will strongly indicate that P3 is in play.

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