The Technology Select Sector SPDR (XLK) Has A Clear Elliott Wave 12345 Up Down Up Down Up Pattern Since Bottoming On 8-16

The Technology Select Sector SPDR (XLK) has a clear Elliott Wave 12345 up down up down up pattern since bottoming on 8-16, see http://stockcharts.com/charts/gallery.html?xlk. This strongly supports the likely scenario that SPX (S & P 500, http://stockcharts.com/charts/gallery.html?%5Espx) and NDX (NASDAQ 100) are also in a third/final short term Wave 5 upcycle, as discussed in the previous post, as opposed to what normally would probably be/appears to be a short term Wave 3 upcycle. Also, there's a bearish large spike on today's XLK candle. ....... http://www.JoeFRocks.com/ .