Abet Chichi2

[chichi2]

Daily,Weekly Major Indices, and More Charts

Indices Futures - Two (2) DAY charts - (RealTime)
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Daily charts for $SPX,$OEX,$NDX,$INDU,$XII,$VIX (since_Feb_2010) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52743102

Weekly charts for $SPX,$OEX,$NDX,$INDU,$XII,$VIX (since_2009_Bottom) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52714403

60min Charts ($SPX,$XII,$OEX,$COMPQ)
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Daily charts for All 9 MAJOR SECTORS (4 Months)
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Monthly $SPX chart since 2009 Bottom



Weekly $SPX chart since 2009 Bottom (Chart of the Week)




posted July 13, 2010 by Chi2
yours is a reasonable question: Ans=

when 1300+ comes since it will be Completing the Five Major Waves Up, there will be a Major Correction.

when 1120-1150 or a little more or less arrives there will be some sort of running correction, or what one might call a minor correction.
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when the Major Bottom was put in at 666, SPX went up about 290 points to Top of Major Wave 1

corrected in Major Wave 2,
then started on a New Angle, Major Wave 3

Topped Major Wave 3 at 1220,
since then has been correcting in Major Wave 4

many times Wave 4's are ZigZag waves in 3 or 5 ZigZags
we really do not know if Wave 4 is complete as yet
but i suspect we will make it back up to 1120-1150 or there abouts before we get more testing or another Zag

eventually when Major Wave 4 is complete
Major Wave 5 will finish itself at 1300

Problem is, we have no way Now of knowing if wave 4 is really done and wave 5 has started or not.

We may be just seeing
(1) an Up Wave of Major Wave 4
or (2) the beginning of Major Wave 5

they both will look the same.

But we do know we should get to around 1120-1150.

and eventually, i am calling it longer term, that we will get to 1300+

(this is not always the case as Wave 5's sometimes they just fizzle.....)