s&p - a long-term count

Here is a long-term wave count from David at www.tradeyourwayout.com,which has some good videos.Of course it is just a view and may turn out to be wrong but it is not inconsistent with the economic environment in my view,and indicates the high level of risk for late entrants to this party.Friday was another strong day and we have almost reached the 0.618% retracement at 1228.Put/call ratio and Vix continue to exhibit high levels of complacency.Some of the foreign markets such as China and France are exhibiting much weaker looking charts over the last few days ie negative divergence.