Ha, ha, ha... I dont really think it will be that easy, do you? Who knows, maybe thats the way the boys in control wanted this run to end.
I still have unreached targets above the market in the 1,200 zone and dont forget that Tom Drakes 2cs seems to be pointing towards sentiment behavior right now more characteristic of a bull market as opposed to a bear market rally. And then there's the elliot wave....I repeat, and then there's the elliot wave....which tells us absolutely nothing because all previous E-wave guesses have been wrong, no two people can agree on a count and its all useless drivel to begin with anyway. So forget about paying any attention to anyone claiming to have the guru answers through elliot wave. Aint gonna happen unless its purely by luck. The whole thing about a stopped clock being right twice a day really does apply to these people.
So, where do I stand from a tidal perspective? Mid february I have been saying all along we will have a meaningful correction. I'll hopefully post the substantiating chart next weekend. Until then, hang on through these pre-prepatory major correction convulsions....it doesnt reverse on a dime, right ?
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