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October 12th, 2011: Update 1 – Morning

Posted by pugsma on October 12, 2011

12:20 pm EST:  Updated 15-min chart showing IHS neckline near 1219 pivot, head at 1075 and target of 1363 to agree with the major [3]-P1 target 139/1354 of the alternate (blue) count.

SP-500 15-min chart (12:18 pm):

 

11:55 am EST:  Updated 5-min chart.  Still in the strong up channel and minor 5 is continuing to sub-divide.   New minor 5 wave targets are 1213 (hit already) and 1225.  The pivot resistance at 1219/1229 should stop this advance.

SP-500 5-min chart real-time chart: http://www.freestockcharts.com?emailChartID=1aac1671-0eba-4037-b67e-3ceab02d7b1a

SP-500 5-min chart (11:51 am):

11:25 am EST:  The SP-500 Point and Figure Chart now shows a “Double Top Break-out” with a target of 1480 !!!

SP-500 Point and Figure Chart (10-12-11):

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