As I've written in my weekly update I replaced the (b) wave. This has some consequences for the short term count: I have to raise the wave degree by one; e.g. submicro wave (1) in the old chart is microwave [1] in the new on.
So that you're not totally confused : ) I'm going to post both charts, the old one from Friday and the new one ; ) (but in fact it's exactly the same, just the wave degree is different ; ))
The old one:
The new one:
As expected on Friday the market opened higher and finished micro wave [1] shortly after the open. Then, micro wave [2] unfolded in a simple zigzag and bottomed about 90 minutes before the close.
Micro wave [3] should now be underway with a target of 1145 within the next few days.
