Bottom was 17th march

Quote from Pendolatrice:

My 2 cents,

Being a wave bug myself, i suspect a top around 1420-1430. This would get almost everyone bullish again, and pave the way for both vix and cpc to show alot of complacency, kinda like late december.

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Agreed.
Might even get as high as 1440 before heading down in the 5th and final leg which would be roughly 320 SPX handles; should 5=1.
 
market will keep going higher. There iwll be no final leg down. eliot wave analysis doesn't work. There is no scientic or statistical basis for it.
 
hi folks

I guess my call was right on the bootom. It is funny how history repeats itself and old indicators work through the ages .

Stocks have made an impressive rallys and bonds have sold off. Dollar is only a bif up :confused:

i Nevertheless think it is time to put some money off the table for a few weeks

bearish signals on vix etc....
 
No point in getting greedy, eh, fortuna?

That was a great call back in March. FWIW I agree the market's looking overbought, ripe for a pullback. I'm thinking we could see a low of around 1330-50 accompanied with some doom-laden headlines followed by a rally starting in August and continuing through to 2009. I'm certainly not putting any cash into the market at the moment but if/when the S&P his 1350 I'll look at throwing in some more.
 
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