EW update. I pointed out targets of 38% retrace of S@P 1111 and 50% of 1120 as most likely end to this 2nd wave counter rally, I must point out that 2nd waves can retrace 100% and therefore it is possiable to have a 62% retrace which would be 1120 HOWEVER I fully expect this 2nd wave rally to end in the 1111 to 1120 area.
Looks like today is marking b down of 2nd up.
And I must repeat, must scream SELL ALL RALLIES.
As I pointed out Monday this will likely be the last time you can sell stocks above the S@P 1100 level in 2010
If you have not studied and made big profits using TA you might consider being wise and forgo your critical judgment of it.