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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.33
(
0.36%
)
Bitcoin
62,877.16
(
-0.45%
)
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techcharter

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techcharter

Re: None

Monday, 11/07/2011 5:15:18 PM

Monday, November 07, 2011 5:15:18 PM

Post# of 51804
October Rally Still in Play

The rally off the October low looks like a double zigzag (Wave x). I think the short 1/3 fibonacci pullback was corrective (Wave y). The last 5 days has been advancing on choppy trading, so it should be a double zigzag (Wave z). The overall October rally is looking like a complex XYZ correction. I'd say a reasonable target is right around 1300 for SPX. Fibonacci Wave x = 3 * Wave z.

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

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p76168843513
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