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Re: None

Friday, 03/25/2011 4:30:16 PM

Friday, March 25, 2011 4:30:16 PM

Post# of 387813
Stage 2 rally looks near completion
Ignore the "junk" on this chart and just look at the SPX price section.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p95044567752&listNum=7&a=227623482

Sp far this year we have had:
the end of stage 2 rally
stage 3 topping zone
the start of stage 4 decline

Wave 1 of the stage 4 decline completed at 1249.
Wave 2 up containing an a,b,c move has now topped (or appears to have topped) today.
What now follows is wave 3 drop to the 1220's

What would change my opinion is a blast upwards from here indicating that an inverse head and shoulders has formed and the market heads to 1400. Unlikely.
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