Elliott wave counts for US markets-S&P 500

Back from my vacation and in a much better mindset to play the markets. Click on adjoining chart for sharper image. I have enlisted the various Elliott waves from the October 2007 top. We finished the B-wave at 1440 and probably completed the C-wave at 1200, if you consider the trendlines. But, if you look at it from the perspective of the length of the C-wave, then, we have still not got the final confirmation for C-wave completion(check the calculations in red on the chart). Once, the C-wave confirmation is complete, watch out as the US markets will bound very strongly to the upside. The Down trendline that has been in place since Oct 2007 will be broken. At this time, it is better to give the benefit of doubt for C-wave completion at 1200 unless that level is broken. Trade wisely and be flexible.
Good Luck !!