Wednesday, April 7, 2010

Possible Count - Are We In A 3?

Not promising anything but I count a clear 5 to 1 and a nice measured ABC to 2. Could we be in the beginning of a 3? No promises, now.

UPDATE: Uh, yeah. I think is was/is. (The donate button is on the right and it works)

Update: At this time I do not think it was an ABC corrective. You can never rule those out in this market.With the SPX 60m chart stopping at it's 50ma and the 61.8% retracement just above some support. It may take a real pop to get it thru 1177ish.