Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Saturday, May 19, 2012
$SPX: Remembering our first posts on September 26, 2011. Cycle wave 2,down, was on our forecast.
The first day we posted in our blog, we presented 3 charts with different time term forecast.We were in the correct way, but after we have relabel the primary wave B upper, as this was, really, an intermediate wave a. What was in our mind, since that date was that primary wave A was in place at march, 2009 and primary wave B was in play, as an bear rally, and when this one can be in place will start primary wave C, as an downfall,to, at least, 600, so cycle wave 2 can be in place. Of course that timing wasn't correct, because is the most difficult variable to forecast, but we have been forecasting a "BIG" downfall when nobody think about it, and each day we are seen more analyst thinking about this possibility. We will re-post more of our crazy calls to a "BIG" downfall to remember this to all of our followers or readers.