You sound like you are in a very good position.
As I said several times in the past... and while I am so far from a market guru it's not even funny... I did chart the S&P... and on pure elliot wave, it showed a big pull back was coming. I told Asta at the start of the year... I didn't think it'd go past 2120 (well it did.. to a high somewhere around 2135?).
If I'm reading it right, the technical low appears to be 1825... give or take. I know that doesn't sound so great. After this dip is over... and these can take a little while, then we'd have a third and final wave up before we hit a bad, bad dip.
I doubt there is any sense to fibonacci waves... BUT, I do think the market follows them, and makes decisions on them, whether they are valid or not. In this case, I think the market, for the sake of the traders, allowed the S&P to go to 2135, drop to 2050 or so, and then rise and fall, rise and fall, until we hit the big one to take us down... and we are in that now.
That's the end of my nighty night story. :)
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