Stock Market Further down side expected for the rest of this week
Forecasts / Stock Markets 2012 Apr 25, 2012 - 01:45 AM GMTBy: Marc_Horn
Further drops are expected in the markets over the next few days to make a tradable pivot.
S&P has nicely followed its cycle channels and appears to be putting in its final wave and is expected to put in a bottom (4H-1) in the next day or so below H-3 and most likely on the piercing the lower lime rail and as far as the lower blue rail as suggested in the April 17th update.
The Russel has also nicely followed its predicted course and also is set up to put in pivot 4H-1 shortly on the lower blue rail.
The Nasdaq appears further than the S&P and Russel in this correction and it appears that its MAP Wave count is 10-5 of H-1 of 4H-3 and is expected to turn putting in 4H-3 on the next lower dark blue rail, possibly as far down as the lower red median line over the next few days.
The Dow is also set up to complete 4H-3 this week and has the same MAP Wave count as the Nasdaq. A fall to the thick lower purple rail is where it is expected to turn.
I will be explaining what happened with my USD and Euro forecast – but essentially there was a sub wave that developed which resulted in the new low. Sub waves are extremely difficult to predict, however the general correlation is if the Dollar goes up, markets go down, but not in the same proportion! So I use it as a pivot identifier to see if it correlates with my Market projections.
For more information of how I do what I do http://mapportunity.wordpress.com/ . Comments and discussions very welcome!
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