Cycles and Aget thoughts

With volatility so high expect targets to be exceeded.
Not sure the Wave 3 down is done MOB suggests spx 1017 or less I have 26th as a target low.
I think one more thud low before we turn up to get shorter.
But just in case wave 4 targets are projected as of today. 5-21-10 close
I will be traveling for weeks so no updates probably.
In time  we are coming off 48solid TD rally we have just dropped 16TD so expect this 1/2 to 1/3 done. But this is not a timing, but trend following.

Again the chart follows the spread sheet, but the spread sheet offers a cut dry view.

Some scenario's but remain short from 1198/1200

Critical Area

chart with Aget (5) of 5 of v and buy sell cycles

How to read my chart, using ETF.

Warning you should have at least 3 years experience to invest . I don't offer names (ETF's bullish or bearish) use Google to search. Search engine(Google) right here at your finger tips. Amazon  too has the books,etc.

On 1-20-10 you would buy a bearish ETF when the Spx was at 1143 (aggressive yes it could whip but worth a chance) the CIT  ( change in trend  ) came next day on 1-21-10 @1134 you stayed with this position till 2-12@1075.59 or 2-16 @1083.46 ( bullish ETF search Google ) You stayed with that till 4-30 @1200 or 1198 ( see spread sheet) where again you revered. So currently you/me are in bearish ETF's.

FAQ-  But Jerry we could have sold at 1044.xx we missed some. Yes in a perfect world but that 1044.xx could have been 945 or 845 so we play safe and buy the gravy run. Over time you will capture many more points.
K.I.S.S  my policy = (keep it simple stupid)
What next?  We wait till next signal ,since all 3 cycles have hit this could take some time weeks, month?
Elliot Wave -I have a simple understanding,but since it works only 50% of the time ("Robert Miner") I let Aget make the call. That program did call the March 6th 2009 bottom and looks to have called a top here in April 2010
Using some of my links will help me to pay the bills.Thank you.
Jerry

We have just signaled the 3rd cycle sell.

1. The 3rd cycle will only appear on the spreadsheet or it will make charts look   too busy.