Thursday, February 4, 2010

2/4/10 - SPX [9:50 PM Update]



Squiggles


Just added a few things to the chart say once (i) of [iii] is complete. It's close but I'm not sure if there is more downside to come.

I also updated the squiggle chart, which leads me to believe that (i) of [iii] is close.

If it is done, (ii) of [iii] may face some resistance at 1080. The Fib Arc, Fan and price retracement levels may serve as a guide.

See you in the morning.

2 comments:

  1. Lost me with the latest primary, it's just like everyone else's now. But who know, you and they may be right. The next few days will tell.

    I know all the arguments and rationalizations, but I still think we're finishing up [i]. If we're already in [iii], I'll take the money...no problem there!

    ReplyDelete
  2. John

    those are the only two options I see at the moment. We're either in [3] or finishing [1]. GL!

    ReplyDelete