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Thursday, September 23, 2010


I would love for it to be the case, but I honestly don't think so. Not yet.

The SPX count is most frustrating. It can support an impulse count or a double corrective. And it is not giving a clean signal for either.


If you look at the Nasdaq, which is giving a much cleaner waveform and use that to help inform the SPX count, then I think we have a winner. I think it is an impulse count and today was a Minuette 4 pullback.

[addition 10:30]

And as Jem and Diablos have pointed out, at 1158 then A = C. Which would be a very nice Fibonacci balance for this wave

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