>This is not Japan 1995 after that EQ this is two different major events the out come will be different. Forget that history template.
>The Fed will find its hands full with Japan, Yen vs. QE2 vs. Japan treasury holding.
A severe cut back in QE2 US purchase program.
>Inflation will climb as shortages create demand in certain products. Aka Richard Nixon freezes.
Our 1250 target filled faster than first thought, so fast is good.
Charts as we look at Advanced Gets Elliott Wave format we notice that SPX 1250 was there to be hit, we notice an overlap at 1294.26 so we should not go much above that and 1300 should be strong resistance. Or this count is wrong.
You will notice on the gap charts that 1257 is a huge target.
On the chart of stocks % above the 50sma you will notice we were weak before Japan and last 2 days with a lot of market noise we are still on a sell.
I stick with my target of 1115 SPX on or near 4-25 currently, sell the rallies.