To confirm 5 waves down off
yesterday's high, the SPX must break below 1177.72 (today's low)
prior to overlapping 1186.36. The bulls need to get the SPX
back above 1191.44 to negate the other bearish view of a 1-2 i-ii
off the top. Clearing 1191.44 would favor another push up in
the wedge.
Comment
Posted by steve on 26th of Oct 2010 at 10:48 am
To confirm 5 waves down off yesterday's high, the SPX must break below 1177.72 (today's low) prior to overlapping 1186.36. The bulls need to get the SPX back above 1191.44 to negate the other bearish view of a 1-2 i-ii off the top. Clearing 1191.44 would favor another push up in the wedge.
what if it is between 1177 and 1191?
Posted by skyscraper on 26th of Oct 2010 at 11:24 am
thanks for wave comments
Posted by dallassteve on 26th of Oct 2010 at 11:09 am
Thanks for the SPX values. Very helpful
I am watching carefully today