S WAVE CHARTS

[NASARAVI]

Snoot:

Your gut feel about surprises made me wonder about 2 things - 2011 and current. Correction.

1. Dow has a death cross and Spx joined the rolls today

2. 2011 correction topped 4 days after the bottom right at mid channel 20 day period - same now

3. Death cross in 2011 was exactly at the 4 day top after the bottom and history repeats here - 2015 shows the same pattern.

4. That leads me to believe that we would top ASAP and give back 80-90 Spx points.

5. The price difference between the two lows in 2011 is about 6-7 weeks apart and 30 points lower.

6. My gut feel says that this time we may see z(4-5 weeks sideways action up and down of 80-100 points and bottoming into either oct 2-8 or oct 20-25.

7. I am not sure whether this is wave 3-4 down and we have wave 5 up left or wave 5 is done and this a bear cycle - I have not been able to discern it.

Your opinion is appreciated on the above.

Regards.