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UK House prices predicting general election result

Stock Market Likely Tradable Bottom this Week

Stock-Markets / Stock Markets 2012 Apr 15, 2012 - 12:05 PM GMT

By: Marc_Horn

Stock-Markets

Best Financial Markets Analysis ArticleLast weeks target (shown below) was the lower blue rail, then a move towards the upper blue rail.


As can be seen the move occurred pretty much as predicted, however we were already at H-2 and 4H-1 was put in at the lower blue rail, with 4H-2 being made at the next pivot scale up ML as shown below.

Did 4H-2 fall within its expected wave cycle? By making a sliding parallel of fork 4H345 and sliding it to 4H-1 It is reasonable to expect 4H-2 to fall on the upper bold blue parallel as previously suggested in the original projection and shown below, and the latest 4H ML (fork 4H45-1)

So where to from here? We are either in wave 4H-3 or -5 and as can be seen above H-1 and H-2 are in.  I am expecting a move within fork 4H0-1-2 towards the lower purple rail and below 4H-1. It is likely that the pivots shown as 4H-1 and -2 are actually -3 and -4, as I would expect a purple pivot scale turn around the purple rails. Just like Elliot wave with wave counting there are only retrospective confirmations, highlighting the dangers of using Elliot Wave as your primary investment tool! It should only be used in conjunction with other methods. As can be seen so far using a 5 wave up and down count, as I do with MAP waves it gives you a far better indication of where you are in the wave structure, as opposed to EW corrections! So long as you know your investment scale, it does not matter so long as you know that you have reached a top or bottom on that scale!

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.


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