Friday, May 27, 2011
Market Timing-Whats Next -May 27th afternoon report
I realize just how much DOUBT is out there for a SEVERE sell off Tuesday to conclude this 4th wave
But as You can see, the CHANNEL is nearly perfect.
And as the END of the (4)th wave, the next wave is an IMPULSING (5)
which should take the spx back to a minimum 1370
1381 is the 78.6% retracement.
909 lost x 78.6% = 715 + 666= 1381
anything more is a gift from the mkt gods-[g].
91.6% = 78.6 + 13.0
832 + 666 = 1498, is where GS projected by year endm but reduced it to 1450
WILL WE GET THERE ?/
Doesnt matter to most readers here at this site where we have mainly sort term traders.
but its nice to know there are possible targets
Of course, wherever the TOP turns out, its scheduled for August 8th at the latest
Enjoy a long holiday weekend and keep in mind, there is severe NEGATIVE energy waiting for the mkt on
Tuesday, May 31st. yes, I know, Ive said that b4, and it has not produced expectations, but the setup is CLEAR, and the reading for May31st is instability, quarrels, death & disease.
sounds lovely [gg]