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[blustar]

The current rising wedge suggests a move back to the 1777/78 area SPX by or around Tuesday next week. The last 5 wave impulse also should be taken out to 1777/78, and also we are making an irregular top right here, which normally suggests higher prices once resolved to the downside. Geez, with all the mom divergences on the map you would think we couldn't go any higher. Also, the top of the channel isn't much higher than the 1810's. Welcome to the Bermuda Triangle of trading: the Holidays. My concern is next year as we get closer to Jupiter in Leo due sometime between July '14 and June '15. The last such bottom occurred in Oct 2002. That was a 12 year cycle lo and we are due again. The 8 TD top is due Friday +/- 2 TD's and the 4 TD lo occurred Tuesday right on schedule. We should have decent selling next week, but my guess is only to the 1777/78 area and then higher based on the e-wave pattern. The next 8 TD top is due in 2 weeks. Choppy...choppy...choppy...