great stuff – and you didn’t mention your call “kiss-spy-goodbye”.

OK, my entry was a bit early but +30% in trading account in one day is quite nice and more than covers the losses taken in anticipation.

THX and ride on

Well done.

A number of us have been along for this ride.

http://stockcharts.com/def/servlet/SC.pnf?c=$SPX,P&listNum=

http://stockcharts.com/h-sc/ui?s=$CPC&p=D&yr=0&mn=6&dy=0&id=p94253726891

http://stockcharts.com/h-sc/ui?s=$CPCE&p=D&yr=0&mn=6&dy=0&id=p94253726891

http://stockcharts.com/h-sc/ui?s=$CPCI&p=D&yr=0&mn=6&dy=0&id=p94253726891

The emerging EW structure implies a cyclical wave 3 of a C has begun via the weekly SPX chart from the ~50% retracement at SPX 1313; a bounce from the low to upper 1100s is likely before a low in the 900s in 9-10 weeks (Nov.).

A seasonal low and rally to the next low would be typical, followed by a plunge in late summer to fall ’09 or early ’10 to the ’02-’03 lows.

C waves in a bear market are breathtaking and highly destructive; however, short-covering rallies are equally stunning in their tendency to take back bears’ gains, as shorts are the only ones with money/gains buying under the market in such episodes.

Moreover, volatility rises in a bear market, and even more so in a secular bear market, thus the VIX should make new highs for the cycle, i.e., above 44-45, in the next 2-12 to 18 months.

Don’t try to be a hero shorting from here; wait for a bounce from below SPX 1200 to scale in shorts to cover below 1000 this fall (around the “selection”).

The global economy is tipping into, or already has entered, a recession; the point of recognition has arrived or will very shortly.

We face the worst debt- and asset-deflationary global financial crisis since the 1930s and 1890s; prepare yourself and your loved ones accordingly.

Good luck.

your charts, loves it!!!