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techcharter

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techcharter

Re: techcharter post# 42896

Tuesday, 02/09/2010 1:57:19 PM

Tuesday, February 09, 2010 1:57:19 PM

Post# of 51820
SPX Rallies to 1082?

So far today has been a strong, choppy advance. I count 2 waves up and 2 waves down from the opening. This last pullback from today's highs looks like a triangle, inplying one more push higher, maybe to 1082.

Yesterday's trading could have been wave b flat making the rally off friday's lows part of a zigzag, not a double zigzag as earlier speculated.

The time and retracement of this bounce feels about done.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=spx&time=&freq=
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