This rally since July 10 equals the March 09 rally now. Back in March 09 we got a 289.44 point rally. This rally measures 289.82 so far.. Back then a 90 point correction followed: 1300-90 = 1210 = potential target for wave (2).
(Next upside target is 1313, above that I think wave 5 is extending and may reach 1350ish.)
Update on the April 2010 analogy:
Yesterday's candle matched the April candle. If this correlation continues then we should see THE top today, let's see if it happens, we'll know it tomorrow.. : )
