Wednesday, November 11, 2009

SPX Count

Here is what I think. This goes along with my larger count from my last post (Revisiting the Count).

The leading diagonal down was a red herring. We are still in P2. Here is what I think about the count. I think the move up is done. I think it looks proportional (Y compared to W). And since the top we have had a 5 wave move done.

BTW, a huge Thank You to Alphahorn who not only called the top real-time on the CIL but put up a post within a few minutes of the top of this last run with a call to go short (Time to go short, tight stops). I couldn't agree more. Thanks man!!

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