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Monday, November 5, 2012

$SPX: EW count and forecast. 3 alternatives for this downfall.

First alternative: As shown in the graph above.Possible target for minute wave 4 is 1,294.36

Second alternative : IF minute wave 3 is change by minor wave 3.Possible target for minor wave 4 is 1,372.67 ( this is the alternative we have been showing last weeks).

Third alternative: IF minute wave 5 is in place and so intermediate wave c is in place and so primary wave B is in place. Possible target for primary wave C is 600 or less.

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