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October 31st, 2012: Update 1 – EOD

Posted by pugsma on October 31, 2012

3:45 pm EST:  Based on the 5-min chart, for the primary count I have 5 minuette waves up from 1403 to 1419 for wave (1) of minor 1 of major [5]-P3-C3.  Then we hae 3 minuette waves down from 1419 to 1406 for wave (2).  For tomorrow (Nov 1st) I’m looking for 5 minuette waves up from 1406 to 1432, where (3)=1.62*(1)  for wave (3) of minor 1 of major [5]-P3-C3.   The ultimate target for the minor 1 wave is the 1440 pivot range.

For the alternate (blue) count remains a possibility of one more low below 1403 in the 1391 area where C=1.62*A for minor C of major [4]-P3-C3.

SP-500 15-min chart (EOD):

SP-500 60-min chart (EOD):

SP-500 4-hr chart (EOD):

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