Tuesday, April 28, 2009

sp500 waves graph

another post to help out the googlers.

last year when I predicted the S&P would drop to around 666, my thought was that would complete a five wave bear market. 666 may hold -- at the moment I'm not sure -- but my revised wave count has the current rally as wave four with a final sell-off still to come. (and another question is from what level this sell-off starts... you should read my newsletter for my thoughts on that as they develop.)