T/A ETF AND INDEX

[pstuartb]

Where do you get the target for your C wave?

As I understand your current count, A down on the SPX was from 1540 to 1487, a total of 53 points.

B up was from 1487 to 1538.

You now think we are in a C down. Your SPX target in the header is 1426. That would make the C wave 112 points.

If A = C, that would make a target of 1485.

If C extended and was 1.618 times A, that would make a target of 1452.

In order for a C wave to end at 1426, it would have to be 2.11 times A.

Why do you project C to extend that much, and how did you arrive at 1426 as a target?