Another assault on new highs ???

S & P 1280 appears to have held. The way in which it did so was quite odd. And it did so at a point where it appeared like the whole world was falling apart. The move off the 1250 shows strength, strength that I don't understand and strength that I refuse to touch. ........so more waiting. Zzzzzzz So more top calling from me in the future.

Colleagues and I have 1350 as our next S & P target, and it should be rather quick.(less than a month) Tomorrow or Monday we expect a "gap up." A gap up over the 1310 marker will verify this smaller degree of the count is correct. (Wave 3's are recognition waves, waves that make you say "Oh Boy" are easier to recognize than explaining the math behind them)

A large amount of volume poured in at the end of the trading day. A Big Player knows something and is front running it. I have no clue what it is yet. Wonder if it involves discussion about a Quantitative Easening #3 and a further slaughter of our US Dollar.

My only play right now is sell through a break down of 1280. I'll treat the move towards 1350 as a fireworks show and nothing more.