The New CS Board

[etalors]

Although it is too early. I believe the market is developing a pattern similar to that from early oct to the end of november. Then came the december crash. If that is the case then we have initiated the 3rd of 4 legs (5th being the big corrective move). The 3rd leg should complete by the end of next week or sooner and the 4th leg which will be the up move to about 2900 should complete by July 5th. The support area is 2720 for this leg down. A close above the 50 ma, during this leg, may void or delay this outcome.