Tuesday, July 30, 2013
SPX - wave  still lacks
Preferred scenario: wave  has finished at 23.6% Fibonacci retracement and the wave  of a is in progress. I'm looking for a wave y minor of (y) intermediate like an a-b-c zig-zag.
Alternate scenario: we are still in wave Alt: and, after a triangular wave Alt:x , now a downward wave Alt:y is starting.
I am always of the opinion that in the long term is the DJIA who leads the path, as in 70s; the SPX chart is misleading.