T/A ETF AND INDEX

[POKERSAM]

With today's break of 1131 the rules that I follow demand a change in my count. Today's action has revealed that we are in the end of wave (A) of an abc correction of the 08 bear.
The next move which should begin any day will take us to 960 support in a wave (B). This will be followed by a bounce in wave (C) to 1240. This will take 6-9 months to complete. (I think closer to 6 than 9). When this abc correction is complete at 1240 the dreaded wave [3] to the downside will begin. Target for [3] is 300 S&P and should be reached near the end of 2011.
If I have not made this clear and you have a question please ask.

This scenario should fit well with the wave of foreclosures, hike in interest rates, withdrawal of Fed's liquidity, etc which are expected in the second half of 2010. The beginning of all of the super negative things I have predicted have now been postponed 6 months. This will give you more time to prepare.