"This is Co-Pilot nummy-nums here and I'd like to welcome you to Flight 1120 with Gold Man-Sacks Airlines where we not only get you there, but we teach you how to pray. Please put your seat backs and tray tables in the full upright and locked position. On our multi-day journey we will be cruising at an altitude of about 10,450 Dow points (or 1120ish S&P points) and if the turbulence kicks in, our cruising altitude may be up around 10,680. In a little while, please don't forget to see the magnificent view on the left side of the plane of the Grand Canyon. We will be offering the red pill or the blue pill again before landing. We will be arriving in Honolulu at dawn. Oh … and they don't know we're coming."
Short-term count of this last wave we've been experiencing. We could keep subdividing and I'd have to reconsider the whole short-term count if we keep blasting higher. But keep in mind, EW counts are usually wrong in the short-term and more accurate in the long-term.
Click on charts for hi-res.
