Thursday, February 11, 2010

SP Toast

 
click to enlarge
A very choppy .618 retrace of the clear 5 wave leg down. There are other ways to label the sub waves of the -2- but even then only a minor push thru the .618 retrace would be expected to something like 1078.65.
Longer term the risk of an acceleration to significant new lows is HIGH.
Tune in tomorrow for targets

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