Friday, April 1, 2011

MTU Weekend Ed. - Brief Update (4/1/11 Close)

If one subscribes to the minor wave 5 count, there could be "meaningfully" more upside, with today's high potentially being only iii of (iii) of [iii].

If one subscribes to a wave [x] rebound, wave [x] could have ended at today's high with a wedge or with one more push higher to complete the 2nd set of 7 waves.

These options can be seen when comparing SPX with NYA.