Sunday 1 March 2015

The Stock Market is in The Process of Major Top!

The 10/20 week cycle low is due within this time frame. The previous 10 wk cycle low (ideally 50 trading days) on Dec 15, 2014 ran just 43 trading days. The next ideal trading low is due on March 6, 2015. Feb 24 marked an irregular topping pattern off the Feb 20 top, which in Elliott Wave terms means that after the expected fast sell-off, a fast rally should ensue. The larger (b) wave shown on the chart should tag near SPX 2008/09. The next top (wave 'c') should occur about 15 trading days after the Feb 24 top and that should be around Mar 18 near 2130.



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