SPX Primary Count And Fibonacci Time - May 13, 2011

The preferred count for Primary Wave 2 Up is that it will be a double zigzag.
We are just about completing the first zigzag off the March 2009 lows.

Next should be a sharp Wave X down, about 20% correction.

The second zigzag up would then complete the P2 in late 2012.

This article from Chris Martenson makes the case for the next Wave X down, and then QE III, which could accompany the second zigzag up.

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