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Hi Volt, I have been thinking along the same lines as you re : May 28th. Myself and Sanfelipe put up a reasonable case (I believe) for a may 15- 18th low but I have always believed your May 28th case was just as valid. I have been thinking about something you once said about the last wave down of an Elliott wave can be a bit of a fizzer (I hope I am not misquoting you as I am not an Elliott expert) ....so I was thinking if it fizzes then SF and I will be right and if not then you will be right.....but with so little time left it doesn't look like there will be much between the 2 dates.

As for June I was thinking a high rather than a low with a 30 day rally from May 18th up to the Greek elections. Whether October is a high or a low it is likely to be a strong change of trend as that 30 month cycle (or 630 td cycle on the SPX) is due again. Last time it hit was April 15th 2010 and the XJO has never exceeded the high of that day since then.