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Tuesday, November 15, 2011

November 15th Update

S&P

Triangle completed?  Maybe not...
We have a completed zigzag, but it fell well short of the lower boundary of the triangle.  I'd like to see another push down to complete subminuette degree wave e.  We got an end of day rally, so the two possibilities for tomorrow's session is a continuation of the rally, exceeding wave d high, or another zigzag lower, creating a zigzag combination for wave e.  The implications of the former are that the rally into year end is now underway.


Posted by Waverunner (FractalTrader) at 11:58 AM

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Notation


Wave DegreeMotiveCorrective
Grand Supercycle((I)) ((II)) ((III)) ((IV)) ((V))((a)) ((b)) ((c))
Supercycle(I) (II) (III) (IV) (V)(a) (b) (c)
CycleI II III IV Va b c
Primary((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))
Intermediate(1) (2) (3) (4) (5)(A) (B) (C)
Minor1 2 3 4 5A B C
Minute((i)) ((ii)) ((iii)) ((iv)) ((v))((a)) ((b)) ((c))
Minuette(i) (ii) (iii) (iv) (v)(a) (b) (c)
Subminuettei ii iii iv va b c
Micro((1)) ((2)) ((3)) ((4)) ((5))((A)) ((B)) ((C))