5th Wave or extending

Monday the 29th is a 144TD High
Moon in 3Q
5th TD of 20 TD cycle
Expect EOM rally.
Fed still pumping.
Possible 1737 Spx cash.

If housing starts to slide and oil keeps climbing it could get nasty real fast. Earning are soft finally.

K.I.S.S.

Short covering and momentum rally spike.

OK Big rally. Short covering for sure.
The rally ended over bought.
The rally was an outside day considered bearish by me.
Still stuck between  50dma and 25 dma.
Need another day to see but I don't think it has legs.
The parabolic indicator I built is looking for a low tomorrow, seems hard to believe.

More down ,cycles 18/19 th

I have some serious cycles on the 18/19th that could offer support  unless I get a parabolic buy.
HEADLINE Soros says 2014 will be a tough year.

This chart to right if we break dashed line could be nasty.











Some simple S/R lines I don't think any one can argue with.  Click to enlarge b Jerry

Reaction day Tuesday

We could be down big.
Charts of weakness.


The next crash could be emerging mkts!

Jerry

Correction time 1616 or more.

 Advanced Get offers these price supports.

1616 first support   then  1573 Spx

The red vertical is a AGet sell bias last 2 not that good. Went above my target but not that much.

 Here is a collection of popular EMA moving averages.
Something there for everyone.

Click image to enlarge.

 The look of a CIT at the very least.
This is a 13 year view.

 These charts are telling of at least extremes.

This pop is on a long term view much more telling but happens at CIT's  but not tops only but suggests correction time.

1665-1671

Coming to fast .
1665 to 1671 with a new Aget of 1734

All Spx

Broke my 1616.01 target

Well we broke my long standing target of 1616.01 (lower down page)
Unless we turn down quickly, the math has us going to 1665.47   or the Advanced Get target of 1671.67.

Yes I'm surprised we got this far.
As long as the Fed can freely manipulate this market the sky is the limit. True the stock market is the only game in town but since the Fed is killing retirement plans,senior savings and health care, how can we trust them to bring us down softly.
Yes the most hated rally in history is still moving.
The Fed is failing really. A few good numbers on employment but what about all the bad numbers?
Make you stop and think what is leading and what is lagging!
Jerry

Monday update 4-29-2013

Still my best guess. and alternate.

 This is still my preferred count, we will need to start down fast. The Transports still strong is problematic and EOM  window dressing can be
very bullish.
If this fails we are still in wave  5 with targets on my spread sheet of  Spx 1608 to 1611 still possible.
See below  and further down the AGET  alternate count.

The Advanced Get alternate count (click to enlarge) has us in a Wave 4 with wave 5 to come.
The hope is this will fail but even if it didn't my spreadsheet offers only a little higher, making a double top and a slim new high. Spx 1598 to 1599.67.

The big picture is we are very close if not already at a top. It will take a few years to complete the down move.

Jerry O