Wilshire 5000 Price Projection

As shown on the chart below, there is quite a confluence of projections and trend line resistance that all line up in the 16,630 area (+/- 50 pts). That is less than 200 points away from the 3/11/13 close. If the market runs up to that price area, I would think it should mark at least a short-term top and possibly THE top for the entire rally from the 2009 low. If so, the expectation would be an eventual move for wave E that goes below the low of wave C (the 2009 low).

Kim Rice 3/11/13