The SPX and SPY appear to have negated the possibility so it's
moot at this point. My thinking was that the drop from yesterday's
close was "A"; the bounce off today's low was "B"; and there would
be a "C" down to complete.
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A-B-C?
Posted by radrian on 14th of Jul 2010 at 10:41 am
Do we have an A-B-C correction underway on the SPX/SPY? Take a look at the 5-min chart.
you posted no 5 min
Posted by bensjoyce on 14th of Jul 2010 at 12:08 pm
you posted no 5 min chart. Do you mean the low at 10am in A now we top in B
and then where do you typically see C down to? ie higher or lower than A?
The SPX and SPY appear
Posted by radrian on 14th of Jul 2010 at 12:15 pm
The SPX and SPY appear to have negated the possibility so it's moot at this point. My thinking was that the drop from yesterday's close was "A"; the bounce off today's low was "B"; and there would be a "C" down to complete.