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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (2149)	4/30/2009 10:46:37 AM
From: AllansAlias	11 Recommendations Read Replies (5) \| Respond to of 3209

I think the market is finally at its inflection point in the months-measured timeframes I follow. This is an excellent time to be prepared to make a more serious allocation. I expect there is yet another leg down in our "big C" we've been following. Since we first went up through $SPX 800 in the big up day a month or more ago, we have been crawling sideways/up in a sort of lazy, bearish, wedge-like formation that we see often. The proper resolution of such a formation is down, and it does fit the bearish count here that sees "v of big C" down still to come, to fresh lows. A wave 5 is distinguished by divergences. We would see new lows only in some markets. Watch out for that as confirmation. The Hound resolution, which would be a stunning melt-up, would happen if we punch up through $SPX 900. A very nice time now to be more active and be ready. ----------------------------- Looking way out: If we do get our fresh lows, it will be a rare buying opportunity. Start planning for that.