How about SPX 1743 this week? Then this market can tag the top of the 2009 rally channel and wash up like the dead gray whale my girls found on the beach last week.
This was just south of Cape Alava, in Olympic National Park. We saw a cougar cub on the road on the drive out there, 2nd one I have seen this way.
|Dead gray whale, Cape Alava, WA|
Subwave 1 of the current series covered 60 SPX handles in 4 days. The same move here would thrust us north to 1743 into opex, hitting a trendline joining waves 1, 3, and 5. I can't wait to see the market news commentary on a blow-off move like this.
The girls are seasoned hikers now, purposeful and driven.
|Ozette Loop, Olympic NP|
There is a convergence of several important trendlines here as well.
|SPX 08-13 2Y|
We missed the flowers in Grand Park this year, but the huckleberries were at peak.
|Grand Park, Mt. Rainier NP|
The road ahead. A 1.29x expansion of the 2008 tape hits a LOT of very interesting areas on the chart, and lands us precisely on the megaphone trendline for the 2002-2009 lows.
|SPX 08-13 5Y|
|Mt. Rainier, over the W. Fork White River|