Update

Last time I updated 2 days after the November lows I had said I was IT Bullish and LT Bearish. That is still the case. VST I am bullish and ST bearish as you can see in my possible pasth I have below...


VST if you pull up 10 year $VIX you will see we broke recently back below 45-46 area (98 and 02 highs) and are now testing that area from below. Also $VIX testing middle BB on daily, $NAMO at possible zero support, two recent $CPCE closes at .99 and 1.07 should, and OPEX max pain $SPX 900 all make a bounce likely VST.


This gave away the decline

http://stockcharts.com/c-sc/sc?s=$NAAD&p=D&yr=1&mn=6&dy=10&i=p88859906864&a=122728492&r=8245.png

This says its different this time....don't think with this set up we are going to new lows yet. Plus no divergences on $NYAD cummulative


http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=10&dy=10&i=p33317324759&a=138507626&r=5333.png


My elliot count and possible path?

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=7&dy=0&i=p84143489736&a=135218281&r=8001.png



SL

Edited by StillLearnin, 13 January 2009 - 12:42 AM.

Very nice charts, SL, esp. the wave count. Thanks for sharing your work.

SL Can you explain where you have at Y that this is 1.618...of what? Trying to undertand a bit about ewave. Thanks for the charts..nice.

Edited by Getting-Smarter, 13 January 2009 - 09:59 AM.