FROM a VERY ASTUTUE ELLIOTT waver

Most of you have called asking me let you know when I'm switching directions from semi-bullish to all-out bearish. That time is one teeny small degree wave "v" away. That will complete the a-b-c corrective rally from yesterday's low. My max. price target is the "wave iv" of one lesser degree. On the OEX, that = ~432.50. On the SPX, that comes out to ~927.ish. At the moment (11:30a.m. PDT), we have completed a-b and a-b-i-ii-iii-iv of c.

This was written at 2;30 EST

the SPX got to 921.93 as Ravi and I mentioned, he was also thinking 927.93

BULLETIN
RIMM is CRASHING
now off after market down $4.60 at 4;10pm

I dont have ENUF detail from the PROPENSITY index
to call an OUTRIGHT BEARISH day for tomrrow, but teh open should be similar to the 17th


the POWER INDEX does show lower levels, but not yet confirmed by above

AT 1:10 the spx hit 921.93
At 3;15, the SPX hit 921.48

then hit a low at 3:50pm at 916.02, which was also the 11;46 low

SO whats it all mean?

It looks like the high of 3:15 might have been a "v" wave failure
and it looks like 4 waves to the close
which means Friday should open in a 5th impulse wave DOWN
VIX now @ 30.06 & hit 29.60 at yep, you guesses it at 3;15, right at the days failure high

Heres some astro
Venus # Neptune @ 2am tonight = disenchantment -rimm -hmmm
should effect techs tomrrow which have not done well this week

Moon 45 Uranus @ 6am
moon 45 Sun @ 9am
Moon 0 Mars at 10am
these appear negative

150bars at 10am
matches the Astro effects for a low

Astro moon 120 Saturn at 1:33 = potential high
Midnite low tide could see the closing low


more later
Jay