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techcharter

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techcharter

Re: BlissBull post# 41814

Monday, 10/26/2009 10:53:19 PM

Monday, October 26, 2009 10:53:19 PM

Post# of 51818
Bliss -SPX Ewaves

I needed a few more days for the confusing pattern to make some sense. I've got a quite different count going on. I view the rally off the March '09 as corrective (double zigzag). Since the july '09 lows, the Wave-c zigzag has been unfolding. THe July- early august rally was motive. The consolidation was tricky because it was a flat. The rally off the September lows has been very choppy. I suspect this is an ending diagonal. The INDU, SPX, NDX, DAX have this pattern; however, the RUT pattern is very week since the October highs did not break the September highs.

One more rally into Thanxgiving is my call.
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