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Monday, February 23, 2009 3:45:24 PM
btw, what's the time frame of the sp bound off to the 800s?
Following is the info that I got on the SP cycle:
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The cycles are still calling this a 4th wave regardless of what happened today (2/12). A 5th wave low should either test or take out the Nov low of SPX 740. When that happens, it should be soon and fast and the bounce off that will not be just a 'bounce', but a larger move in a 'B' wave rally. That could be a monster with 40%+ of the gains made in the first month.
That said, if 880 gets taken out, then this is a failed 5th and then the count changes.
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