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Mar 7th, 2011: Update 3 – Mid-day

Posted by pugsma on March 7, 2011

11:55 am EST:  It’s do or die time for the primary count (white) ascending triangle.   The wave (e) of minor 4-[3]-P3 low must stay above 1302.58 to remain valid.  For the alternate count (red), the wave iii-(c) of minor 4-[3]-P3 target area is the 1291 pivot.   And wave v-(c) is headed for the 1275 to 1282 area.

SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=672ee60a-0eab-4165-a41a-ad8d19f9cb54

SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=4a6f62cd-b136-44e5-85c3-ae42e7bf222d

SP-500 5-min chart (11:54 am):

SP-500 15-min chart (12:00 pm):

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