if we impulse further down that 869 then we are still in 1 down of 3 and that is likely the case looking at my charts.I HAVE A feeling 1 of 3rd MAY not end till 848 or 838 AT which pt we can get a nice 2 back BEFORE the huge fall impulse gets working again.WE SHALL Cnobody knows for sure BUT WE DO know the market has been impulsing.
haha no way. Obammer and Bernankey will never allow that. They will print anohter 10 trillion to avoid that.
THEY'LL need to print 30 trillion to keep it from happeningPEACE
How about this:Wave 1 of P3 = 957 to 800Wave 2 of P3 = 800 to 880Wave 3 of P3 = 880 to 550Wave 4 of P3 = 550 to 666Wave 5 of P3 = 666 to 450Roughly based on what NASDAQ did in 2002 after its bubble burst...
thats about right and my thoughts.http://stockcharts.com/h-sc/ui?s=SPX&p=W&yr=20&mn=6&dy=0&id=p79714973313&a=172760136people regular folks think we are crazy with these type analytic counts but THIS WIDE VIEW weekly chart supports the theory as do the prior cyclical bull FIB levels.417 IS MY spx target and there are counts that LET IT into 300's as well heaven help investors in this market.I'LL be an investor again in the 400's of spx ALTEAST if i lose half then IT WILL be a scaled buy back into market in stages as we move up not down the proper way to invest.