Friday, August 7, 2009

SP Wrap

It's a wrap in more ways than one. I suppose this leg up could extend on more bullish news ( like even more people leaving the workforce because their unemployment is exhausted), and I'll have to re label, again, BUT.

A .382 retracement on crap volume.

-C- = -A-
(slightly exotic labeling BUT it COULD be the 3rd series of -A-,-B-,-C- zig-zag's up from 666)

August.

Under 940, the 50% retrace and termination of the -B- will confirm.

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