On the 5 min. tick chart, it appears that on this 5th wave up,
we are now in the 5th mini wave of that as it's rising to possibly
backtest the trendline on the right side of the chart. That's
if the early pop today was 1, the fallback after that 2, the rise
up the trendline 3, the break of it 4 and now we're in mini wave 5
of the 5th wave. Confusing, but could that be the
count? Like with the last couple days, guess we'll have
to wait until tomorrow to see if that was right.
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here you go: SPX 5 min
Matt I like the TL's you drew on the TICK ...
Posted by matt on 20th of Jul 2009 at 01:34 pm
here you go:
spx with tick chart
Posted by joepiper on 20th of Jul 2009 at 01:49 pm
I like that chart. It is so clear. Would appreciate seeing it regularly.
There are several charts above
Posted by steve on 20th of Jul 2009 at 02:13 pm
There are several charts above in the stockcharts link Sticky.
5 min tick chart
Posted by Michael on 20th of Jul 2009 at 02:09 pm
its in the sticky chsrts at the top of the blog
5 min. tick chart and 5th wave
Posted by curtis on 20th of Jul 2009 at 02:26 pm
On the 5 min. tick chart, it appears that on this 5th wave up, we are now in the 5th mini wave of that as it's rising to possibly backtest the trendline on the right side of the chart. That's if the early pop today was 1, the fallback after that 2, the rise up the trendline 3, the break of it 4 and now we're in mini wave 5 of the 5th wave. Confusing, but could that be the count? Like with the last couple days, guess we'll have to wait until tomorrow to see if that was right.