Saturday, May 22, 2010

Shanky's Target

Just a quick post here. I first brought you this target back in the Morning Post on Thursday April, 22. Seems to be on track. Not bad looking a month into the future so far. And for those new readers that missed my top call on the 27th, you may want to hang around. Shanky is on FIRE!

My speculation all along is that this first drop would backtest the bear market upper TL for wave 1, wave 2 would then recover going into the election and wave 3 will kill everything later this year. I have also more recently speculated that wave 1 may be the largest of the three waves as selling may be more intense out of the gates. Still early in the game. I hope to hit the circle. GL everyone!