Can Market go UP 100% in 100 trading days? If yes we will reach SPX 2520 in mid November 2011 :eek: . We (BULLs) will all be rich . If not there will be some pull back after 5% or 10% or 20% rally . We may be near the end of Wave V]V)I5]1)1.3v.iii right now , and we may go DOWN 2 - 4 SPX points as Wave V]V)I5]1)1.3v.iv . Then go UP again as Wave V]V)I5]1)1.3v.v to measured move target near Wave V]V)I3] high @ SPX 1344.71 or Wave V]V)I4]c)2 high @ SPX 1345.20 L . Then go DOWN again as Wave V]V)I5]1)1.4 about Wave V]V)I5]1)1.2:a measured move of 32 points or less . If SPX goes below V]V)I5]1)1.1 high @ SPX 1298.61 we should recount the waves . Note: Be aware of the possibility the Head and Shoulders pattern.
Something has changes . Commodities UP while EUR/USD DOWN and USD/EUR UP . Gold and Silver change before Crude Oil and Brent .
Gold is going UP :eek: . Wave V]III)V5]5) might have not ended yet , and Gold are going UP to $1600 as Wave V]III)V5]5)5 extends . In this count Gold should go above $1559 before going below $1475. If Wave V]IV)A1]1)1.2 is an irregular correction, Wave V]IV)A1]1)1.2:av should end here at measured move .
Silver keeps going UP, so we have to re-count the waves :eek: . If May-June correction is an irregular correction type II, Silver should go above $36.77 soon . If the July 4th's rebound is Wave V]V)IVc]2)c, it should end near Wave V]V)IVc]1)4 and the Head and Shoulders pattern should be confirmed soon .
Crude Oil keeps going UP, so we have to reconsider the count :eek: . Crude Oil may be in the same Wave V]V)I as SPX . Wave V]V)I4] might have end and Wave V]V)I5] is going to new high . If Crude Oil is in Wave V]IV), Wave V]IV)Cc]2)c.5:5 should end soon at the end of fifth subwave of fifth subwave @ measured move .