SPX corrective wave 1 of 5 of "C" from Oct 2007.
"B" abc (Mar-May) of "ABC" corrective wave.
Markets are dreaming of Aug 2004 or Jun-Jul 2006 bottom and rally to EOY, but this is not 2004 or 2006. Oil hyperventilating over 100+ and now 130 + is squeezing out consumers.
The Oct 2007 reversal is the "Golden Phi" divine number reversal.
DOW 10/9/2007 high 10/10/2007 reversal
SPX 10/9/2007 high 10/11/2007 reversal
QQQQ 10/31/2007 high 11/1/2007 reversal
Market update ~ Consolidation day
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=27084542
Intradays are still O/S at pivotal supports.
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