I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Wednesday, March 17, 2010

Bubble Boy

Aussie Ken was sharing a very nice count idea for the Dow. I wanted to see if it works for the SPX, and it does.

The internal wave structure of the move is very messy and (IMO) does count better as 3-3-3-3-3 than an outright impulse up.

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