Friday, November 4, 2011

11/4/11

I'm going to make this brief:


Looking at this chart (the old inverted SPX), what would you expect to happen next?  Sure looks like a 3rd wave "up" should commence on Monday, or at least a C wave.  Also, today's "downward" action looked more corrective than impulsive, and I am wondering if the "upward" move was actually an impulse obscured by start-of-day issues.

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