Correction or Healthy rotation?

First off Friday drop did no technical damage that I can see. This probably is just a rotation of stocks.
If more then a rotation here are a few scenarios.
* If a wave 3 then a pull back to 1844 to 1857 is common.
Looking for more deeper correction then look at the 14TD examples and grey trend line.
So a 14TD pull back to 4 -24 could be in the cards of at least 113 points or somewhere in the 1791 area..
A real model buster is 1732

With this market the buy the dip crowd probably have orders placed.
Could be a 3rd wave or a 5th wave but more action is needed.

My EW thoughts

Sure futures are strong at 11pm Thursday but still this chart if true has a look.


http://money.cnn.com/data/premarket/?iid=H_MKT_QL

Using the 2% and 3% zig-zag for EW count.

DeMark 11 count?

This software suggest a Demark 11 count for today Wednesday the 3rd of April

Fractal if big down Monday

If we have a big down Monday March 17th than I look for 1772 by March 28 +/-1 TD..Following the 150SMA like last time (purple fractal)... Last week I looked for 1850Spx and we got more, 1850 is now 1st resistance.

Jerry O 
timingshortterm@ yahoo groups  --you need 5 years experience to join! We have 2 Astro experts,2 EWT experts,several timing and many math experts. Indices usually but always looking for a new Guru.
                      Not always 99% pure.

Do charts lie part 2

These charts should lead to a sharp drop to Spx 1850 sometime this pre option week perhaps Weird Wally Wed.

 Sell number one is a 12 count on the Demark Combo

 Sell #2 is a chart of the HYG or the high yield Corp
bonds. Every indicator on this chart shows a divergance with the Spx 2nd row
Click chart to enlarge. That drop = the Spx on Feb 28th
Or the major support line currently seen on any chart.

Here we have a point and figure chart calling for 
Spx 1840


Good luck

Jerry

Can you trust a chart?

If you can trust this chart it looks very bearish. A down Monday coud start the ball rolling.
Jerry

H&S looks lost

Count was wrong.unless we tank.

 click image to expand

Two EW counts

 Click charts to enlarge and read.


Jerry O

Chart #1 looks to end  a 5th wave down at 1752 to 1725 Spx. This is not favored by me because it puts my topping view at risk.

 Chart 2 is my perferred count based on a lot of studies at tops and makes a nice package.

We wait.

Jerry

The top is IN.

Update 29th 1pm Fed day:
 Here is what I think Avanced GET would like to see.
If this is Wave 5 top then we need to on average drop in 10+/- TD drop 88 SPX points.
Looking back at several important tops that is a ball park time and number.
So unless  we can take 1850- 88 = 1762 target soon then I don't see wave A forming.
If we do plunge to that  1762 it would be a buy for 5 TD's
So we wait.

Not trading advise.




The chart below I used to pick the top and it is updated. You can see the earlier chart way below. Yes I had Dec 31st  as the top at  Spx 1849. But the gann lines put the timing much closer. They also agreed with my projection area.
I came up with that projection by finding the points beween wave 2 and wave 3 and then adding them to wave 4 and that projected count.Wave 5 moved up as usual as mkt climbed. What's Next ?
I believe we hit  Spx 1778 per the gann line. That  is not the only  TA that would offer that area.
I'm not trying to brag but this same progam called the bottom on March 6th 2009. I was at the Time and Cycle board at that time and many Elliot wave types scoffed and thay will here and now.
I still think the lower caps will rally into March like the year 2000 did.   Jerry

100 year cycle WHEN!

 We have the panic of 1907 that Ben Bernanke
has talked about many times. We see a low in 1915 almost same area.

I believe 2007 to 2015 will have the same result.
My guess is we will rally in the lower priced stocks till mom and pop run out of money and then the house of card will come down.
A good example of that was yr 2000 where
low priced stocks were lifted by the water.
You can expect money to come out of high priced stocks like Intc and Cat and many more.
Yes the high in Dow probably is in but the Russ will run till late March.
Place your bets but get out when prices go to I can't believe it, highs!

Jerry

Click charts to enlarge, you can also see historical charts like this at StockCharts.com   ( free)