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Strategies & Market Trends : Longer-Term Market Trends
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To: skinowski who wrote (1843)10/3/2008 8:01:42 PM
From: skinowski  Read Replies (1) of 3209
 
The same count is still possible for SPX - for as long as the index does not go under 1062. Below that level Wave 3 of that putative LD would become the shortest of the impulses, which is a no-no.

If SPX does go under 1062, the implications, it seems, could be quite bearish. That would make it very likely that we are indeed in Wave 3 of 3(or C) since August.
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