SPX Intraday e-wave The rally off the mid day lows is at least a corrective zigzag. It may evolve into a double zigzag before the next 20 point selloff starts. http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=INDU&time=1&startdate=1%2F4%2F1999&enddate=10%2F31%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9&x=0&y=0