Dec 2nd, 2010: Update 3 – Afternoon
Posted by pugsma on December 2, 2010
3:15 pm EST: Updated 5-min chart. My 1221/1221 target as hit for the completion of minute wave (1). Retrace targets for minute wave (2) is 1191/1197. Possible minuette wave iv pull-back target is 23% to 1213 and then a run up for v-(1) 1230, v=i, see blue labels. This would also coincide with the second altenate count (red) for a (b) wave test of the 1227 high and then a (c) wave drop to 1173 in the complete of a large flat.
SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=495b8f24-78cf-4568-b041-7e7ce6b02dc6
SP-500 5-min chart (3:10 pm):
1:55 pm EST: Holding at the 1219 pivot resistance. Let’s see if this is it for minute v-(1) or of if it just the end of iii-(1), at the iii=2.62*i target of 1222. If it’s just iii-(1), then we could see a run to the 1229 pivot resistance tomorrow to complete minute (1), see blue labels.
SP-500 15-min chart (1:50 pm):
Sorry, the comment form is closed at this time.