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Monday, September 28, 2009

Mid-Day Count Sept 28 (Update 2)

Here are some updated microcounts. I still think we are in Minute 5. Move today acts very much like a Wave 3 at the Subminuette Level. I think we just finished Wave 3 of 1 of 5 just a few minutes ago (ending diagonals). The rally moved through 1050-1055, which I expected some resistance. This was a very strong move. We got up to ~1065 on the SPX.

Here is the 30 minute chart also, and the Advance/Decline is still up around 6-7 (pretty bullish).

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