Thursday, February 2, 2012

SPX Symmetry With 1.272 Expansions

The first two charts show the May 2011 top with 1.272 expansion in price from different swing points.


The next chart shows the SPX currently making a 1.272 expansion of the previous wave. If the 1.272 level is exceeded by more than a few point, the next target is in the 1351 area which is a 1.272 expansion of the 10/4/11 low to the 10/27/11 high.

Kim Rice 2/3/12

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