Eman
McLaren is an enigma.
He does project price and time but is not hesitant in bouncing his projections given current action.
I think his suggestion of an exhaustion move at the moment is correct and the breakdown is any correction that exceeds 4 days. Just remember that the count starts from the day that breaks the low of the high day as being day 1.
I believe he is looking at SP500 1560 at the moment.
It all does seem to suggest that we are approaching an interesting time period over the next two weeks.
I am not a good short term trader, unlike a few here on the XJO thread.
I like to look at the historical perspective and while that can give pause for thought, is not the best day to day approach.
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