Friday, May 7, 2010

SPX Crash Elliott Wave Count


After yesterday 5-6-10's SPX (S & P 500, http://bit.ly/i0nsT)/market crash a huge snap back rebound peaked shortly before yesterday's close, and, a test of yesterday's cycle low is likely soon, with a Wave A down type move bottoming very early today, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=on&z=l&q=c&p=v&a=fs,w14&c=, followed by a counter trend Wave B type move that peaked early today, and, a final Wave C downcycle type move appears to be in effect now, that may bottom today or Monday. This Elliott Wave ABC down up down move since very late yesterday 5-6-10 is also following an inverse Elliott Wave 12345 down up down up down pattern, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=on&z=l&q=c&p=v&a=fs,w14&c=.

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