4/4/11 - EOD Update [9:00 PM Update]

[9:00 PM Update]

Just some more random counts and thoughts.

This supports the primary count that a large flat is playing out.

SPX - 15 min

Here's a take on the impulse up.

SPX - 10 Min Wave b Triangle

Something to think about if the so called triangle turns into a triangle b wave and a wave c down follows towards 1320ish.

RUT - Weekly

A target of 864ish?

RUT - 60 Min

EOD Update

I'm having problems with my charting tools tonight so all I have for now is the daily charts. My primary count still has a minute [4] flat in the works with the following options:

1. The flat is part of Minor 4 vs minute [4]

2. Minute [5] in progress or Minor 5 in progress

I believe there is still so room for a little more upside here for (b) of 4 since it appears a triangle may be forming up top. One thing to keep in mind is the potential that this triangle may be the b leg of a larger three wave drop to come.

SPX -Daily Primary

SPX -Daily Option 2

4/4/11 -

11:27 AM Update

Either a flat, triangle or larger triangle in the works?

8:50 AM Update

Can't seem to post charts in the chat room so have to post in "slow time" here. This is one thought of what may be playing out this am.

Weekend Thoughts [4/3/11 - 4:10 PM Update]

[4/3/11 - 4:10 PM Update]

SPX - Minute [1] of Minor 3 Option

This is an option I've posted a few times now that must be considered. Note that though I call this part of Minor 3, this could easily be considered minute [1] of C of the bearish count.

At this point does it really matter whether the bullish or bearish count is in play? Not at all, assuming this count is correct.

TRANS

Trannies look like they are in the fifth wave. Notice this would also match up with the SPX count above.
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Just exploring some different counts and ideas throughout the weekend starting with this chart below.

I like how a nice fib retracement of 38% takes wave 4 blue near gap support below and the 13 day EMA (1313).

I've posted this chart in the chat room a few times as well. Maybe there's one more push to complete (x)and once complete perhaps it falls back in the range but above the trendlines?

4/1/11 - EOD Update

EOD Update

Daily Primary

The primary count is that wave (b) formerly labeled (x) (no real reason why I changed this just wanted to clean the chart up a bit) was put in today. I was looking for 1335 and the high for today was 1337.85. That's good enough.

See the alternate count in the 30 min chart below along with the last chart at the bottom.

30 Min - Primary

Notice the alternate has wave C of (b) working on wave 4 before heading to a new high and then completing wave (b).

3 Min

Working on wave 4 of 3. Alternate is that a double zigzag is in progress with wave b of y working into the close.

Daily Bollinger Band

Nearly at the top of the BB and a shooting star for the day. It requires confirmation but is a good start to signaling the end of (b).

Impulse Option

This is the impulse option off the bottom. Will have to watch this one.