Wednesday, February 25, 2009

No chart tonight, TOS a little messed up

No chart tonight, my TOS feed is messed up for SPY, and I don't have a ton of time to redraw it on the $SPX. So go back to yesterday...we didn't make it quite to my target, but there is a good chance that wave 4 on the chart might be over and we are headed to a near term bottom in the coming days.

Also, we are coming to a crucial point, whether we are coming up on the end of wave 3 of 5 down (the big red 5 on the chart) or whether we are coming to the end of wave 1 of 3 of 5.