Replies to post #4949 on E-Wave for the S&P 500 Index

[gdl]

I see so many wedge patterns on 1 to 5 hour charts, 5 wave or 3 wave completed, and continued news on a bank contagion finding ways to make it a POSITIVE? Hey if a nuclear bomb wipes out 9/10th of the population we can have zero rates forever! Overlap at 3950 which I suspect will not be able to close at or above.

Best guess is a drop to 3750-3720 area before the Fed Announcement! It would till be very controlled and predictable. As for today, this would be the third day on the upside. all but one finished the upside before resuming a deeper drop.

NEVER saw a recovery and continued bullish move on more banks in trouble and more bailouts. Markets and people will believe anything as long as it is positive. The SPIN ZONE!

Have to bet by close. Itching to bet.