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Stock Market Further down side expected for the rest of this week

Forecasts / Stock Markets 2012 Apr 25, 2012 - 01:45 AM GMT

By: Marc_Horn

Forecasts

Best Financial Markets Analysis ArticleFurther 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!

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.


Comments

Marc Horn
25 Apr 12, 06:25
Time to test theory!

Well last nights surprise from Apple confirmed the 10 minute pivots described were in fact not in yet!

The ES and TF overnight futures however are still within their respective hourly cycle forks so expect a gap up and then a reversion on the hourly fork to put in their hourly pivot 5. It is just going to take longer but at present the targets are still as described above. The Bernanke bounce might put us back into the timeline mentioned above!


Marc Horn
26 Apr 12, 11:58
Theory and Reality!

Earlier today ES broke its trend confirming that the low of the 10th is most likely a 4 hour pivot. It is likely that a retrace to at least 1378 will occur with a maximum retrace to 1364 before putting in H3. I will update Sunday. Also I am writing up the risk assesment and have started with MAP Waves. I will go on to explain the limitations of wave theory models so that users are aware of limitations and probabilities!


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