9/16/10 - EOD

Daily Preferred

SPX -30 MIN

Just a repeat of what I posted near the close today. It is pretty clear that we are seeing a triangle once again, which leads me to believe we are still in a wave 4, which I have also been suspecting for the past few days.

I believe there may be one more little push down to complete subwave e. It is possible, we are ready to thrust out as well since I haven't examined the squiggles. 

Remember this chart from the 9/14 post? I was speculating that that a subminuette iv may crawl up along the quarter channel. So far so good.