Replies to post #47064 on Short Term Trading Member Forum

[DowDeva]

If you're correct on that, that would make Bradley's turn date on the 12th a top, and not a bottom, as suggested on the chart.EoM

[techcharter]

SPX Flat Correction nearly done.


The Wave 2 flat count starts on May 23.
Today wave c of Wave 2 flat is nearly complete.
The correction since May 23 has good time proportion with the May selloff.

Regardless of larger degree wave counts, a motive wave has occurred, and a change of direction is expected sooner than later.

http://charts.insidestocks.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