Thursday, August 7, 2008
August 7, 2008; S&P 15 Minute Chart Possible Count
Attached is a possible count for the S&P on the 15 minute chart which has an A-B-C correction complete now, or will be complete at around the 1320 level, before giving way to the big wave 3 of (3) down. The reason I'm not extremely confident in this count is because of the structure of the B wave. It looks like an impulse wave. Wave B's are can't be impulse waves. But this still should be looked at as a possibility.