Friday, April 22, 2011

4/22/11 -

Bucky posted a comment in yesterday's EOD post and referenced INDU and RUT not pointing to a triangle. I think it is a very good point to consider since INDU made a new high.

It got me to think about SPX's triangle count. Given that triangles take time, we must consider IF a triangle is in play, that a running triangle may be forming on INDU.

However keep in mind I do have alternate labels that takes into consideration that Minor 4 is complete and that Minor 5 is in progress or that only Minor 3 is still in progress.


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