Just as we the Wilshire 5000 is approaching the major price projection confluence shown here in the previous post, the chart below is displaying what appears to be and ending diagonal pattern. The ending diagonal is pretty much the same on the SPX and other major indices. If this is the correct count, the market should have a pullback followed by another rally to new highs which would likely top out in the 4/3 to 4/5/13 time frame. Whether it's an ending diagonal or not, whenever this 5th wave ends, the market should have the biggest correction since the Nov 2012 low.
Kim Rice 3/31/13
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