Replies to post #42828 on Short Term Trading Member Forum

[kenl]

That's how I see it also.

[techcharter]

SPX Corrective Move - UPDATE

I certainly didn't expect such a sharp selloff this morning. The double zigzag count has been violated. If the correction is over, it was relatively shallow and short lived. If there is any correction left it would be a flat. Regardless, the rest of February is poised to drop more than from the January 2010 highs.