pauleys - tell 'em they're dreamin - wednesday, page-15

AFP - probably a bit early for you - but going back to our premise that we were finishing C of a big ABC correction - SPX and here looks like we have just done a very nice little 3 up of what hopefully will prove to be the beginning of Major 5 up. When we have a correction (little wave 4) we should get a better idea of whether this is the correct interpretation of the current situation.

Many Elliott fans are suggesting that the ABC needs to be followed by a D and E wave. I don't favour this option but can't rule it out.

One really encouraging development is the fact that whereas the web was being absolutely drenched by the bears, they have gone really quiet over the past couple of days. Mind you they will probably all be back on the first correction.