Finding the low.

The major correction in April 4-26-10 H was a 17% lower move to 7-1-10.
If we use that as our template then 2-18-11 - 17% would = spx 1115.58

If 4-26-10 to 7-1-10 is 66CD (calendar days) or 45 degree.

Then 2-18-11 H to low 4-25-11 or 45 degree and 360 degree from the 4-26-10 low. H to L anniversary.

Summary spx 1115.58 target on 4-25-11

Jerry O