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Thursday, April 22, 2010

Thursday 4/22/10 wrap up

Check out Vindicator (addendum) in side bar for some thoughts on Vindicator usage.

Not much new to add to yesterday's comments. If the alternate wave count marked on the chart is correct, we are now in the final c leg of the 5th wave of an ending expanding diagonal terminating the rally that started on Feb 5.  The "a" leg ran 27 points, "a" = "c" at approximately SPX 1217, so that is an initial target. Gonna be interesting.  



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