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Hello Earl,...
This is Jim Pilliod. I appreciated your 03-31 detailed "Market Outlook" post
so much I printed it out and saved it in my notes. In that post you had
described the 1493.50 minimum target for a corrective Wave 4,...etc.
My question is: Did last week's big drop on Tues 04-04 complete (or
invalidate)
the Wave 4 count and would you think that we are in the process of building
Wave 5,...etc. In other words,..for the S&P500 how do you see things here?
My work suggests a pivot here,..today 04-11, as is 17 mkt day count from
03-17, was 17 mkt days from 02-23, which in turn was 17 mkt days from
01-04 ...all key pivot dates. I am open minded to a turn to the upside for
the
S&P500 here. Also the Bradley Model too has low 04-10 with up into 04-18.
The 04-18 to 04-19 timeframe looks to be the next VERY IMPORTANT
time frame, as indicated by a variety of different methods. So my bias is
to look for up into the 04-18 time frame. Just my personal thoughts,...
likely wrong,..etc.
If you have time for a brief post, I think it would be appreciated.
Thanks again for openly sharing you work. And have a good week.
Regards, JIM Pilliod jpilleafe@xxxxxxx
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