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Strategies & Market Trends : Classic TA Workplace

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From: The Freep2/3/2006 1:00:56 AM
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U Pick 'em:

SPX wiggle count as it relates to the bigger count...

stockcharts.com[w,a]fhclyyay[d10][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14][J19889830,Y]&pref=G

So, that's a nice countable 5 waves up off the low on that 30 minute chart. Is that a 1 up or is that the C of an ABC correction (also visible) and we now get the brother down to "bad Friday dumpage"?

And looking at the decline off the top... is THAT an ABC decline, with us in/done with the C (after a small new low?) or is that the start of the BROTHER C down, and we're still in the 3 down?

decisions... decisions...
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