I have noticed that my prediction of higher highs are coming faster than I imagine. It seems the small corrections I look for does not seem to materialize, therefore I can only assume that we are finally near the end of this uptrend since the 09 bottom. Sequesters don't seem to matter and Chinas Housing crisis has been shrugged off the same way. It makes me think that the acceleration of prices for the Index might end earlier than the Mid-Year we were looking for, and may even cause the Mid - Year not to top but signal the real acceleration downwards. All things must come to an end and so does this FAKE bull market run from 09. The Dow Jones Index have signalled an uptrend, so our trend have signalled an resumption of the uptrend since early Feb when it turned down. We will revisit this at the end of the week to see if it has remained bullish.
Our EW pattern options can still call for an expanding flat and if that is the case would be looking for a C wave down.
Another alternative count would be bullish also but it would see us ending early. This has a few things going for it in that the pink 3rd wave and 5th would see the Stochastics diverge with each other. Also notice that the price has pierced the upper Bollinger Bands. I think Either way 1month or 3 won't matter and one must ready themselves for the move down in equity. There is also the MACD that has to be noticed. This is also diverging in a daily basis. This has often signalled a longer term reversal in the past so lets keep an eye on it.
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