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Stock Market Multi-Year Top, Is European Socialistic Decay Ahead of US?

Stock-Markets / Stock Markets 2012 Mar 30, 2012 - 02:10 AM GMT

By: Marc_Horn

Stock-Markets Best Financial Markets Analysis ArticleThe DAX by breaking below  6908 today confirms a major correction is due! Most likely appears all the way below its 09 low of 3695 over the next year or 2 before its long term trend turns up again!

Looking from the 07 high we see a clear 5 wave count to the 09 bottom.


The detail of the weekly pivot -1 to -2 is shown below.

The S&P 500 appears to be closing in on its final multi year top, monthly pivot -2

Looking from the 07 high we see a clear 5 wave count to the 09 bottom.

The detail of the final weekly pivot 4 to 5 (monthly -2) is shown below.

The orange circle shows the expected final top. This is estimated by the W123 fork SP to W4, which often gives pivot 5 turning points.

If this is correct monthly pivot -3 will take us below the 09 bottom of 668 over the next year or 2, in multiple waves.

Using the same wave counting principles it appears  that the state of decay of the DAX is further advanced than that of US markets.

For more information of how I do what I do http://mapportunity.wordpress.com/ . Comments and discussions very welcome!

The statements, opinions and analyses presented in this site are provided as educational and general information only. Opinions, estimates, buy and sell signals, and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice.

Nothing contained in this site is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision.

Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment.

© 2012 Copyright Marc Horn - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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