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Pastimes : The Philosophical Porch

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From: westpacific1/11/2010 8:22:06 AM
   of 26251
 
8750 or 9642 into March 5th.

Two technical levels for the wave correction.

Another technician is thinking this could only be the wave 3 correction into a 4 at the above levels with the wave 5 to finish at the 61.8 percent fib; or SPX 1219 into 1240 yet to come perhaps this summer.

Then others have the count completed and a bigger top in.

Seeing many a confused trader as to the exact count of the wave structure. There are many models; but just about everyone I follow is calling the correction here - the unanswered is how far and what count.

Tweazer Top, Hammer last week INDU - would really be the set up for a green open into a hard selloff for today; setting up the Falling Three.

West
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