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.