)
-X-
(Z)
“c” -y-
1154 (c)?
(c)
1112.3 [3] (b)
[4]
(b)
[1]
[2]
(a)
(a) 1086
(c)
-x-
(b) With 1140 being taken out, the next and last target for this
model is 1154. That level would be -w-=-y- and also an
(a)=(b) within -y-. This would produce a marginally higher
high on the S&P 500. One wonders if this is what the market
is going for: a new high that brings in a new wave buyers
before the actual conclusion?
1044.5
a
(1)
-a-
1112.3
(2)
(b)
-x-
-w- (d)
1086
(c)
-b-
(a)
This move would be considered an
“Double Combination,” a correction (e)
that ends with a Triangle. -y-
??
(c)
“d”
Z
81.70?
y
x
x
w
w x
77.69 “e”
“a” x (B)
y
74.33
z of “c”
The “b” wave lasted 11 weeks (54 trading days) on this chart and was very “brief” in comparison to the “c” wave
that followed. It would make sense for the “d” wave to be longer lasting to provide some “alternation.” For
instance, it if were to be 161.8% of “b”, that would make this “d” wave 88 trading days long for an 18 week move.
We’re currently on trading day 67, so maybe another 2-3 weeks to go?
-b-?
-e-
79.53
x2? KEY SUPPORT
w -c-
-c-
-f-
-b- x1
(A)
REPRINTED 2/7/2009
“d”
Z
81.70 or 83.71?
y
x
w
x
x
w
77.69 “e”
“a” x (B)
y
74.33
z of “c”
There is compelling evidence that we’re in the tail end of a triangle (B)-Wave. The “a”-wave was an “elongated
flat.” These patterns exclusively show up as legs in a triangle. The “c”-wave is VERY difficult to classify as a “five,”
therefore it must be a correction, which supports a triangle idea. Lastly, the “c” was almost exactly 138.2% of “a”-
wave, which is a nice Fibonacci relationship required in a triangle.
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