my take on the sp

the sp started its final leg down on jan 6 09. we have completed a wave 1 and 3 and seems like we completed a wave 4 of this last leg down today. that means we should complete the last leg down of this last leg down in the first two trading days of next week. i dont expect it to take out 808 by that much. i would expect maybe we bottom around 790 to 795 area . then if im right we should have a massive rally as im expecting a new bull market to develop out of this crapola. if we start gapping below those levels in the sp then i am just wrong period what does encourage me is that since late jan several stocks have outperformed the sp signigicantly because of good earnings. that tells me a nascent bull is waiting to break out . so even though this is painful and drawn out it will lead to a new bull imho fwiw ocicbw and all such disclaimers g