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Stock Market S&P QE3 Update

Stock-Markets / Stock Markets 2012 May 16, 2012 - 05:53 AM GMT

By: Marc_Horn

Stock-Markets

Best Financial Markets Analysis ArticleThe S&P is within its daily 345 SP to D3 cycle fork .
It has broken below its 4H345 MLL  - next cycle line WL-1.
Prices are moving down the 4H123 ML but are not expected to make the MLL due to the support of the W345MLU, D12 cycle fork MLL, D345 WL-1, D345SP to D3.


NB – NORMAL CYCLE: H-1 shown above is on the intersection of 4H-1-2ML an MF12 MLL, so it may be 4H-3 and 4H-4 are in as shown below as currently prices are showing strong support at the 4H-2-3-4 ML.

This favours my opinion that the support from the confluence of lines shown on the first chart will hold to complete D-4 within D WL-1, and it may even drag out until the end of June.

I have shown below the D-4 alternative wave extreme limits which show this correction may drag out until the middle of August. Would that be the trigger for QE3!

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Probabilities are derived from the methodology described therein,
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© 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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