Top of Wave A Of The Rally

Posted: March 14th, 2009 under Predictions, Stocks.

The low arrived a couple of days sooner than I expected, but otherwise seems right on target in terms of percentage and duration for a wave (4) or A of (4) rally. Short term spiral alignments (first chart) favor a top either at Friday’s high or on Monday. It could be either the top of wave A with B and C dragging out for another week or two, or we could have seen the entire wave 4 in zigzag form. Even if we have more waves to go, in terms of price we have probably already seen most of the move. Longer term spirals (f13, f14, and f15) are still aligned with the middle of last week, so it is still within the 2-3 day margin of spiral date accuracy. I’m expecting either resumption of the decline in wave 5 of 5 or a B wave week – lots of head fakes. The character of Monday’s market will likely tell us which. Any rally is likely to run into resistance overhead, so would just mean wave A is finishing higher and we are in for a more drawn out wave (4).

Short/Medium Term Spirals For S&P 500, March 13th, 2009 - Click To Enlarge

Short/Medium Term Spirals For S&P500, March 13th, 2009 – Click Chart To Enlarge

Medium/Long Term Spirals For S&P 500, March 13th, 2009 - Click To Enlarge

Medium/Long Term Spirals For S&P 500, March 11th, 2009 – Click Chart To Enlarge

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