Nicely done

Waves 1,2,3,4, and 5 today completes wave "A" of an abc retracement to spx 1355 next week

however, IN between the bears will take control tomorrow and Monday
We got to 1333 from 1272 = 60 pts
60 X 38.2 % = 24 spx points down = 200 dow points and we got that intraday today.
OR 50% = 30 pts = 240 dow
**********Or 62% = 36pts = dow 288, more probable *******
.That would complete the "B" wave, then the bigger runup induced by the Fed on Tuesday and Wed
Now I dont mean to give the FEd that much credit- They just happen to be doing things at a time when it is cohesive to the markets. Or when the wave count matches their efforts.

Jaywiz Index today = .28, i would consider this a minor sell
CBOE pc ratio = 1.22, a bit over sold , but not the 1.48 of monday
OEX pc ratio surprisingly high at 1.39

My propietary ratios are not indicating anything important.

Jay