The Market overshot the May 15th upward target and had come close to the downward target and wave iv of a lesser degree.
Strategy:
Prepare to buy at Bear Trap new end of wave iv when there is a higher high.
Quote from mu200411:05-15-08 09:10 PM Strategy:
There is little margin of error on the down side which will make the Market go down a 300, 40, 50 points measured move .
The upside potential is 250, 25, 200 points .