This is just a smaller piece of the bigger picture. He thinks that after this correction the market will rally through late june/early july $0.90 -$1.10is, then have a medium 50%ish correction for a couple months, then have another big push that takes us through to the end of the year. That would be when the $2.30-3.68 comes in. At least that is my interpretation of his bts posts.