S WAVE CHARTS

[snootmagruder]

NDX 60, The pink ascending dotted 3x line ending at the top of the red fork is my target. Seems way too steep, however there are triples on sevral indides pointing up there, RUA, WLSH, NYA and NDX all have it. This is or has been a very reliable pattern and I'm really hoping it continues to work. I put a QQQ chart below it which is a bit tough for the fork positions as the Qs made such a deep overthrow at that Sept low, However I'm thinking that 130ish top should be close and happens right around Jan 26, the day before the FOMC announcement. I hate to try to pin a target on an event as it seems to be the quickest way to make yourself look clueless, yet the targeting method had nothing to do with the event and it's just a matter of that's the event at that time that's reality right now.