Monday, October 25, 2010

10/25/10 12:25 PM Update

12:25 PM Update
I think we are going into (5) now of the ED option. I will add that this bounce may still be part of the x wave.

I think the lower black trendline should hold though.


10:40 AM Update


SPX - 5 MIN

One possible path. Maximum frustration unless you're scalping this oscillating ride.


9:23 AM Update

SPX - 5 MIN

I'm watching that lower ascending trendline and the 1183-1186 levels.

1186 = a 38% retracement of wave (3) and wave c of (4)= .618*a of (4).

1183 = a 50% retracement of wave (3) and wave c of (4)= a of (4).

SPX - 60 MIN PREFERRED

Did we get the end of wave [3]? Last week, my EOD post looked for 1193. We got 1195.35. That's probably close enough.
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