Thursday, August 27, 2009

Long Term Wave Count Projection Falling Into Place, Wave 2 Ending; August 26, 2009

Just thought I'd post the long term daily S&P futures projection I've had up for months now with the current price printed. So far it's followed the projection pretty well. All along I thought the 1067 level (prior 4th wave extreme) would attract the S&P futures and so far it's moving close to the area. Optimism is at an extreme and breadth and volume continues to contract telling me that wave 2 is likely coming to an end.

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