ajtj99's Market Pulse

[teaparty]

If and a big IF..we have finished a flat on spx...what we have done is finished a correction that actually started in June of this year..not July. This correction discounted the slow growth that is now evident coming in 4th quarter of this year and possibly part of the first quarter next year. The market is always 6 months ahead of the game...now we should be on our way higher as the market will be pricing in more solid growth starting mid first quarter next year.
If I'm right...the correction was an expanded flat "A" wave that started with the high in mid June..."A" down to late June, "B" up to mid July (where spx had a failed 5th but OEX didn't)and the drop into Aug low was a C wave that finished wave A..we had a B wave up of a bigger expanded flat to the mid Oct high and now we finished a C wave of the flat...which should mean that was the end of wave 4...and we should go on to make new highs.
Big caps...OEX and NDX should lead...
I'm really sticking my neckout here....so get your axes ready.. I could be a turkey...!

http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=6&dy=8&i=p65012123784&a=107003689&r=9155