Best of the Week
Most Popular
1.Is the Stocks Bull Market Over? Dow Trend Forecast into End January 2015 - Nadeem_Walayat
2.Gold and Silver Stocks Apocalypse Now, Bear Market Review - Rambus_Chartology
3.NHS Baldrick Plan to Spread Ebola Across UK - Sheffield, Newcastle, Liverpool, London Hospitals - Nadeem_Walayat
4.Ebola Terror Threat Suicide Bio-Weapons Threatens Multiple 9/11's, Global Plague - Nadeem_Walayat
5.Second-Richest Man Says Mortgages Now a "No Brainer" - Dr. Steve Sjuggerud
6.Gold And Silver Still No End In Sight - Michael_Noonan
7.NHS Baldrick Plan to Spread Ebola Across UK - Sheffield, Newcastle, Liverpool, London Hospitals - Nadeem_Walayat
8.The Gold Bug is Set to Bite Back - EWI
9.How Alibaba Could Capitalize on the EBay-PayPal Split - Frank_Holmes
10.The Consequences of the Economic Peace - John_Mauldin
Last 5 days
Focus on Graphite Companies with Green Energy and Technology Strategies - 22nd Oct 14
Crude Oil Price Hitting Bottom - 22nd Oct 14
Evidence of Another Even More Sweeping U.S. Housing Market Bust Already Starting to Appear - 22nd Oct 14
Gold Or Crushing Paper Debt Stocks Crash? - 22nd Oct 14
India Gold Demand Surges 450% and Bank of Russia Demand At 15 Year High - 22nd Oct 14
Bitcoin Stock Exchange Could Be "More Valuable than Alibaba" - 22nd Oct 14
Currency War - How to Profit from a Stronger U.S. Dollar - 22nd Oct 14
Banks Hold Treasuries and Make Loans- 22nd Oct 14
Gold and Silver Timing is Everything - 22nd Oct 14
Don't Get Ruined by These 10 Popular Investment Myths (Part VII) - 22nd Oct 14
Follow the Baby Boom to Biotech Stock Profits - 22nd Oct 14
Copper, Nickel and Zinc Won't Be Cheap for Long - 22nd Oct 14
How Will We Know That the Gold & Silver Price Bottom Is In? - 21st Oct 14
Is Gold as Dead as Florida Hurricanes? - 21st Oct 14
First Swiss Gold Poll Shows Pro-Gold Side In Lead At 45% - 21st Oct 14
The Similarities Between Germany and China - 21st Oct 14
The REAL Reason Why the Stock Market Turned Down - 21st Oct 14
Petrobras is a 'Scheme, Not a Stock' - 21st Oct 14
Stocks Bear Market Indicator Is Off the Mark - 20th Oct 14
Stock Market Ideal Turning Point is at Hand - 20th Oct 14
Investors Quit Complaining, The Environment is Perfect Right Now - 20th Oct 14
Ebola Armageddon Could Trigger a Rebirth in Gold and Silver Prices - 20th Oct 14
Gold vs Euro Risk Due To Possible Return of Italian Lira - Drachmas, Escudos, Pesetas and Punts? - 20th Oct 14
Stocks Rebounded Following Recent Sell-Off, But Will It Last? - 20th Oct 14
U.S. Responsible for West Africa Ebola Outbreak Says Liberian Scientist - 20th Oct 14
Stock Market Intermediate B Wave has Started - 20th Oct 14
Gold Stocks Analysis – FNV, CG, NCM, SBM - 19th Oct 14
Stock Market Primary IV Wave Counter Trend Rally - 19th Oct 14
Gold And Silver - Financial World: House Of Cards Built On Sand - 18th Oct 14
Anatomy of a Stock Market Sell-Off - 18th Oct 14
Why OPEC Has Declared an Oil War on Russia - 18th Oct 14
Gold and Silver Extreme Shorting Peaks - 18th Oct 14
Bitcoin Price Fall to $350? - 18th Oct 14
Tesco Supermarket Crisis Worse To Come as Customers Vanish! - 18th Oct 14
Sheffield Roma Crisis School Place Application's Fraud Perfect Storm - 17th Oct 14
Stock Markets, Commodities and Indicators - 17th Oct 14
“Save Our Swiss Gold ” - Game Changer For Gold? - 17th Oct 14
How to Trade the Ebola Stock Market Sell-Off - 17th Oct 14
When... Not if... Crude Oil Price Drops Below $70 - 17th Oct 14
Either You're The Butcher or You're The Cattle - 17th Oct 14
Gold Benefits from Market Uncertainty - 17th Oct 14
Stock Market Pullback Underway, Euro downside, Commodities - 17th Oct 14
Stock Market Seven Year Cycle and A Correction Ahead? - 17th Oct 14
Three Ways to Play Uranium: Top Stock Picks - 17th Oct 14
America Flirts With Deflation - 17th Oct 14

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Stocks Epic Bear Market

MAP Wave Analysis - Stock Market Clues of US Fiscal Cliff?

Stock-Markets / Stock Markets 2012 Nov 12, 2012 - 05:14 AM GMT

By: Marc_Horn

Stock-Markets

Best Financial Markets Analysis ArticleIn March MAP Wave Analysis projected the DOW ideal Q-2 reaching 13750 by November in Dow Stock Market Index Ready to Form a Major Top. Then in October the DOW failed to make a new high as detailed in DOW Stock Market Index 2007 Retest Failure – Game Over USA and in Best Stock Market Shorting Opportunity in 300 Years the context of the conclusions was detailed.


Those that follow my free blog received the following SPX update on the 16th October. In red at the end was this week ends update with current MAP Wave Analysis projections.

SPX big picture.

From 2000 top

And again zooming in from 2007 top.

The current up wave off the 2007 bottom has a completed 5 MAP Wave count.

With the detail off last years lows with shorter term MAP Wave Analysis projections.

UPDATE 11 November 2012

I want to use this example to explain the different targets as I am constantly being asked about price time targets. Above we can see the expected ideal wave time and price targets based on the fractal wave structure on the 16th October. Below is what actually happened.

Pivot 4H-3 was made just above the ideal point previously shown where I estimated pivot 4H-2 would be made. 4H-4 was then made piercing D012MLH and 4H012MLH. Then to make its 5th pivot, which is also the next pivot on the D fractal wave scale D-3 it prices worked their way back down to the D012MLL and infact turned on the D012 extreme SP. So all in all very much as projected by MAP Wave Analysis!

It is extremely important to understand that turning points can only be determined from ACTUAL fractal wave formation, so ideal wave targets give approximate price time targets which get fine tuned as the waves develop.

So where to from here? 


Above you can see I have shown 3 most likely locations for D-4, however the pivot can only be determined by following the fractal wave formation as it develops. Note that D012 is still the primary trend indicator and so looking at the projection it looks like we are going to have 5 tradeable 4H waves, with increasing volatility leading into a January / February bottom that will test Junes low to make W-1.

Common Sense - Looks like Obama will have a short post election bounce (D-4), followed by a lot of volatility with the budget deadline where the projections are showing a low (W-1), the result will be kicking the can down the road like the Europeans which will cause a retest of the recent highs (W-2), followed by new lows as reality starts to set in that the plan is not working - weekly wave 3 down!

In regards price time targets you will see that I do not use horizontal support - the reason is very simple - there is no predictive value of horizontal support as it is subjective to which pivots may or may not provide support or resistance. Subjectively it depends on where people tend to place their stops, and so gives some predictive substantiation based on peoples behaviour. You can see clearly that using a rule based non emotional objective methodology it certainly looks like support around 1266 will hold based on MAP Wave Analysis, and psychologically I am sure it will hold as it will give relief to those that still believe we are in a bull market.

I also do not use Fibonacci ratios - again the reason is simply - they are geometrically derived as are my wave forks so they give the same result except that with MAP analysis you get a simple clear picture as opposed to a series of possible turning points where you guess at which line it might turn.

MAP Wave Analysis, unlike Elliot Wave and Andrews Pitchforks are a systematic methodical rule based approach, details of which can be found either on my blog or here on The Market Oracle and data is archived and updated in a format that is traceable as shown in this SPX update, so that the system can be improved and used as a learning model. Additionally investors can evaluate its effectiveness when making investment decisions.

Click here to follow your duty of Use and copyright is described therein.:

Probabilities are derived from the MAP Analysis methodology described therein,

Click follow on my blog to receive regular FREE market updates and discussion.

For other articles published click here

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.


© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014