Picking Tops.

[lloyd111]

Quote from Landis82:

End of Wave 4 and the A-B-C correction was at 1377.83
Add 68 handles ( length of Wave 1 off the lows of the Summer ) to last week's 1377.83 and you obtain an ultimate target of 1445 for the top of this rally.

This is a classis, measured-move in which Wave 5 = Wave 1.

Just to play it conservative, you might also wish to take a few fibonacci's of 68 SPX handles in order to arrive at an alternate objective for the end of Wave 5, and thus the entire sequence.

For example, 61.8% of 68 = 42 handles

1377.83 + 42 = 1419.83 obj.

Interesting analysis,does this have a calculable approximate time frame for completion for either strike...1419 or 1445?

 

[Landis82]

Quote from Landis82:

End of Wave 4 and the A-B-C correction was at 1377.83
Add 68 handles ( length of Wave 1 off the lows of the Summer ) to last week's 1377.83 and you obtain an ultimate target of 1445 for the top of this rally.

This is a classis, measured-move in which Wave 5 = Wave 1.

Just to play it conservative, you might also wish to take a few fibonacci's of 68 SPX handles in order to arrive at an alternate objective for the end of Wave 5, and thus the entire sequence.

For example, 61.8% of 68 = 42 handles

1377.83 + 42 = 1419.83 obj.

Correction . . .

1378.09 ( 11/28 intraday low ) + 61.09 ( Wave 1 ) = 1439.18

And using the 61.8% fib ratio of 61.09 = 37.75 + 1378.09 = 1415.84