Well, folks, it appears that the market is going full circle. Sunday is day 1,314 from the March 9, 2009 low. Obviously the market cannot bottom on Sunday, but it appears that the crash scenario is getting more and more serious. The Head & Shoulders neckline at 1430.75 and the Orthodox Broadening Top trendline await us just below current levels.

According to Chris Carolan’s work, today and Monday are the designated panic days, while Tuesday and Wednesday may be the mop-up days for waves (4)-(5) and [4]-[5]. This is the way I see it at the present juncture. All we need is to trigger the two sell signals and the trap door opens.

Regards,

Tony

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