7/10/13: still holding short - widening stop to 1670 *risky*

Underwater on the short.  I need to pay more attention to the gaps that are occurring.

The most recent gap from the 8th which I've pointed to with a pink arrow suggests a target of 1660:
1632 - 1605 = 27 points.  Add 27 points to 1632 = 1632 + 27 = ~1660

The ubiquitous A = C calculation that I have seen floating around on the blogosphere remains either 1661 or 1665.  A is the wave from 1560 -> 1620 and C is the wave from 1601 to ? or 1605 to ?

The wave from 1560 -> 1626 (high) took 2.5 timing windows.
If we take 1605 (the most recent major low) and expand out 2.5 (A = C on time), then this implies some sort of high tomorrow 7/11.

Futures are hella green which is making me slightly nervous.  We shall see tomorrow at the open.