sp 500 elliott wave analysis - february 4, 2011

this video is an elliott wave analysis of the sp 500 (spx) for the 4th of february 2011. the market has now entered a critical time period that could mark the end of the bull run which has started in march of 2009. whilst there is still some more upside in the short term, one must be very cautious heading into the march / april 2011 time frame as this is the most likely point for when a major high will be recorded. after a top is in place, the next leg of the 2000 bear market should be a long and drawn out affair which could end in 2014 / 2015... stay tuned!

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[frank299]

As always, Thanks.

You speak of extreme sentiment. Which can be very subjective - how are you measuring sentiment? What indicator \ symbol - if you have a link that would be appreciated.

Thanks

[tradeyourwayout]

@frank299 i loosely track it via comments i start to read on blogs. you start to notice a change in sentiment among the retail traders based on what they write and that can usually be a good indication of a change in trend is close by.

[yairnir]

Great analysis, thank you

I am fo;owing your mind and skils for very long period ' by fire and water'

In good days and bad days 'but alwais acting os you predict the market

thank you david

god blass you

yair nir

israel

[tradeyourwayout]

@yairnir thanks for the comments and well wish. i hope it all works out well for everyone in the end :-)

[chineseal]

Just how are we going to have a crash if money is continued to be printed and piled into the market?

[frank299]

@tradeyourwayout Thanks. Always a pleasure to watch your videos. Appreciate you non wishy washy analysis.

[coprouch1]

hey David great video as per usual. David i was wondering if you could answer a question for me. according to ewt, wave 3 of an impulse move can not be the shortest of wave 1,3 +5. do you know if the same applies to 5 wave c waves? the reason i ask is that your wave 1 i have at 190ish points wave 3 130ish points so if the same applies to c waves then the 5th shouldn't exceed 130 points???? thanks in advance mate and once again great vid. Rob

[alternativeangle]

Yeah thanks mate, I'm stacking silver to hedge

[0urGaia]

thanks david