Short Term Trading Member Forum

[techcharter]

Potential Ending Diagonal in SPX.

The following waves subdivide into zigzags.
Wave 1: From November 7th lows to November 18th high.
Wave 2: From November 18th high to November 20th low.
Wave 3: From November 20th low to November 29th high.
Wave 4: From November 29th high to present, almost done.
Wave 5: About to begin.

An alternate count is still a larger WAVE 5, but not ending diagonal:

Wave 1: From November 7th lows to November 11th high.
Wave 2: From November 11th high to November 13th low.
Wave 3: From November 13th low to November 29th high.(extended wave)
Wave 4: From November 29th high to present, almost done.
Wave 5: About to begin.


http://charts.barchart.com/chart.asp?sym=$INX&data=Z60&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk