Wednesday, December 2, 2009

SP Etc


click on chart to enlarge
One possible labeling with the last series of abc'c  .78 of the second series and .51 of the first series. In case you're wondering the second series of abc's is .65 of the first series. Only  3 series of  abc's  are permitted.

 
The move down on the 5 min bar chart appears to have a 5 wave structure, at least on this little leg.
That is the type of look we will see on  a primary wave down.

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