Monday, May 11, 2009

S&P Should Decline Then Rally to 1050 Area Before MAJOR Top; May 11, 2009

Just an update on the daily S&P count. So far the market is playing out as projected in the above chart. I expect a decline in a wave B before it rallies to a new high for wave C around 1050. That rally will bring about the shorting opportunity of a lifetime.

The next decline will be a wave 3 or C of a huge scale, so either way it should be a ferocious decline.

1 comment:

Michael Cny said...

Hey Todd,

congratulations for your blog - your analysis was proved right by the move of today.

Do you think we are in a wave b now?

Have a nice day