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[blustar]

The market has gone from left translated to even translated cycles, suggesting a counter trend rally in progress. E-wave analysis suggests a move back to 1633.41 by early Tuesday and then higher into Wed or Thursday into the 1670's. This should prove wave Y of a counter-trend B wave in a larger down Z. I still have 1536 as a target, probably by around Sept 23. The end of Z should mark the last rally of the sequence off the March 2009 lows, a broadening top or megaphone pattern into Oct or Nov. The 7 wk/105 TD low is due Tuesday next week and the 22 week is due around Sept 24 as is the 64 TD low.