Well, we actually got our higher high today. Thus I labeled it as a wave iii or (iii). Tomorrow the market should decline to about 930 before going higher to complete either the first wave of wave [v] or the whole wave [v].
The area at 912-914 must hold for these two counts. If we break below it, the rally is likely over.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMARfcGMohZ9jqZzjVUouj-j05yRJ4Xy60haolZQJalN7oG2SMOzIBWUEKfmnS5TOmE7BMwqCfOvN3VcK5-2y6WhKFP_ayhdlcqR0v0Z7jv_cVDYtbItbxp8IKEJfkYATOh5gArSQmsBo/s400/spx02062009.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjE8aMkN2_etOT63rqX5vrtYlS5Wgcn3bwlsmHCV5eNWLR5nWDSxPU_in9_OkzKGQYvw5nM0jGjNxNfT9mBGH8ECMJ-omc8lrWrbrUPGCKAAsxVhPalt4i45HPbUSJrs_BbVjegXerZwEQ/s400/spx02062009b.jpg)
btw: The Dow still has NOT broken its 200DMA
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