'c' of "b" Downside Coming... Watch Out Below!

Along with the negative astro, we have a 'c' wave of "b" of Y drop due into Wed to 1320 .618 retracement. A large rally follows this highly bullish pattern for a top due near the May 9-12 Jupiter aspects and I would expect the 1425 area by then. The 16 day cycle top is indeed due May 12 +/-. May 7 is the 8/16 day cycle low along with the approx 35 day cycle low last run 37 days and due around mid week.

1320 by Wednesday will never happen.

I can believe friday.. or monday the following week, but wednesday is pushing it.

Along with the negative astro, we have a 'c' wave of "b" of Y drop due into Wed to 1320 .618 retracement.

Negative? I thought Merriman was saying it was incredibly positive and he was expecting new highs this summer.

Edited by kidkoala, 04 May 2008 - 11:49 PM.

FWIW..I've got us in an X wave...the move off the bottom being an ED C wave. The question is whether Friday's high was 5 with throw over...or was the top of 3 of the ED. We would have to take out and close below the 1350 area to confirm the top was in if 5 completed on Friday. If Friday was the top of wave 3....then we watch for the 1370 area to hold for wave 4 then another high. Keep in mind ...there is still a chance of another high today to approx. 1430....if that were to happen....my odds flip to that being the top. NYAD cumulative showing divergence similar to the JULY top at this point.



http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=1&mn=6&dy=3&i=p79632583289&a=113409410&r=6825.png