22.12 – 2008

Lazy X-mas ZigZag Path & Chart. It looks pretty passive one, 61.8% lower point might come later today, 50% retracements mostly comes with more simple A-B-C formats.

Alternate or bigger view would be my B wave down as mentioned in previous post, but this could fill the same pattern just meaning more complex future – just with a different elliott wave view – when charting this 874 got broken allready to the downside (slightly), but mentioned waves could be the next upwaves after correction is down. Chart covers 30 minutes StockData.

(The Entire Upleg from SPX 7xx level could come as very complex ZigZag).

C Up
Z Up
X Up