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Stock Markets Short-term Top?

Stock-Markets / Stock Markets 2012 Apr 18, 2012 - 01:33 AM GMT

By: Marc_Horn

Stock-Markets

Best Financial Markets Analysis ArticleIt is not often that there is alignment as we have today!


The US dollar has completed 5 minute pivot 2, its 4th level subwave and has a pivot count of  2/2/2/4 so I anticipate enough build up to take it over 84 in the next few weeks.

The Euro has the opposite count -2/-2/-2/-2/-2/-5 so it looks like it will drop to below 1.26 over the next few weeks.
Both the SPX and Russel, as well as the DAX hit their upper resistance cycle  parallels and are expected to break  this weeks earlier lows by the end of this week or early next week.

On the SPX expect a drop to the lower purple parallel.

On the Russel expect a drop to the lower blue parallel.

On the DAX expect a drop to the lower bold blue parallel.

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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