[RT] New Impulse Date [2 Attachments]

[Pete Lieber <plieber@xxxxxxxxxxxxxx>]

[Attachment(s) from Pete Lieber included below]

My April 28 prediction for a May 6 impulse date was two days off.  Jim White's May 7th prediction was nearly spot on. 

So the same analysis that gave me the May 6th date is now giving May 19 as an impulse date for the DJIA & SP-500.  The 15-minute S&P500 chart that had accompanied the April 28 prediction was a little more accurate.  It had a 927.08 projection high, which was a 23.6% retracement from the November 4 (Election Day) intermediate top of 1007.51 down to the March 6 low of 666.79.  The actual May 8 top was 930.17.

The first attached chart is a 15-minute S&P500 chart as of Friday's (5/15) close which contains the original April 28 projection levels.  The second chart is a 5-minute S&P500 chart as of Friday's (5/15) close which contains the latest projection levels.  The first projection level (A) for the S&P is 875.83 which is just under 877.37, which is the 31.2% retracement level from 11/04/08 to 3/6/09.  The second projection level (B) is 869.95.

Attachment(s) from Pete Lieber

2 of 2 Photo(s)

SP500 15-min 051509.gif

SP500 5-min 051509.gif

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