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SPX--Thursday, June 23, 2010

Could the early May top at 1370 have been an irregular B wave? It was, by the way, almost exactly 1.272 times the decline from the February top at 1344 to the low in March at 1249. Both the move down and the move up have 3 wave forms.

110623-1024-spday.gif

And if the current move down is a C wave. Where in theory should it end?
110623-1024-spday-a.gif

Or perhaps:
110623-1024-spday-b.gif

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