Thursday, June 17, 2010

SP .618 Retrace

click to enlarge

The final -c- wave up looks to be structured in 3 series of abc's , the max allowed.

I have to say I was overly bearish on this last move down labeled -b- , as was everybody else.,  and my wave count interpretation reflected that at the time.
But note that this is certainly no longer the case.

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