Spiral dates calendar for May 2011

May 2011 shows three strong peaks on the 2nd coinciding with the new moon, on the 6th and on the 18th a day after the full moon. Whether the first two peaks will match separate turns or if they will both apply to a single broader turn is an obvious question. My guess given the sideways movement since the Feb 18th high is they will mark a high of a corrective wave B of 4 of the rally since last August. This implies a moderate decline in wave C or rangebound sideways movement for a month or two, then a move up to a modest new high in late summer or fall that would be expected to be the top.

http://spiraldates.com/2011/charts/scores_0511.png