786 is a target I’ve seen several places. If 786 is realized,
then the entire move from the March 8 low cannot be an impulse wave because
wave 3 would be the shortest of the three component motive waves (e.g. wave 3
cannot be shorter than both waves 1 and 5). I had not noticed that before
you provided your chart. That would put a big wrinkle in the thought that
the market had begun the big wave 2 bull rally. Thanks.
From:
realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf
Of Pete Lieber
Sent: Monday, March 16, 2009 1:24 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Next SPX Target - 786.40
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