Complex 4th Wave - Market Analysis for Apr 17th, 2013

This 4^th wave will likely become even more complex before we are done.  While another drop tomorrow can certainly complete this 4^th wave, it just seems that it is possible for this to all be only an (a) wave of a much larger 4^th wave pattern.

As for today, we saw the decline we expected from yesterday’s rally, and we have come down into a region which can represent two possibilities.  Either the market is going to continue down tomorrow to complete a larger c-wave down, or we are going to see another rally like yesterday, which will create a larger yellow b-wave flat.  And, if you ask me how will we know, well, I will simply say welcome to the world of 4^th waves.

But, the one thing I will say is the a 5 wave decline into the target region will likely be a buying opportunity, with the only question being if the next rally is a larger (b) wave in a larger 4^th wave structure, or if we are going to embark on a 5^th wave rally over 1600.