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Wednesday, November 9, 2011

Wednesday, 11/9/11 update

The triple zig zag postulated in Monday's post was accurate after all, although it did top at 1275.25 which is a little past the target of 1272.00.
If this count is correct, we are in a Minor W3 of the 1st (A) leg of a second zig zag down from the highs in May. Eventual target of this bear market could be at 936.00, which is a 61.8% retrace of the Mar '09 - May '11 bull market. But that's a long way away, so it's a highly tentative target.

Vindicator Buy/Sell is finally perking up, hooray!
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