Monday, October 5, 2009

SPX - 10/5 AM Update

Here is one way to count this. I have wave 'c' of subminuette iv ending in an ED just under 1041. If this is the case, this would make wave 'c' 1.618 x wave 'a'.

Will see how this progresses thru the rest of today.


  1. The P3 crowd's count is about to be invalidated with any move in the Dow Jones that pushes back up through 9666, given that the SPX has already done so and "overlapped" and the breadth today was a super strong 4.4 to 1.

    These P3 guys like Kenny and Daneric just can't help themselves!


  2. Wags,

    I'm not sure the count has been invalidated just quite yet.

    These are the levels to break to invalidate minuette (iv).
    1045.85 spx
    9666 dow

    however, if the minuette (iv) count is invalidated, i think there is still a case for a 1-2 1-2 setup.

    levels to watch to invalidate this option are:
    1069 spx
    9834 dow