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Re: techcharter post# 42724

Tuesday, 01/26/2010 9:17:34 AM

Tuesday, January 26, 2010 9:17:34 AM

Post# of 51804
SPX e-wave Update

Last night the corrective pattern I labeled as a possible double zigzag has to be rejected since the futures dipped below yesterday's low. The triangle turned into another zigzag. There is still a clear pattern, a flat. Even though the futures are down this morning, wave c should rally into positive territory. The upside target of 1110 is less likely.

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