Minor Update to_DJIA/ALL INDICES_6_24_12

Hi all,

In essence, this weeks market prediction is very simple. I believe that the market is at or near the completion of wave 2 (black), which means that the next large movement will be a 3-wave down and will move the markets very quickly in a negative direction.

It is possible that the correction we have seen in the past week is only part [a] of a larger three wave correction. However, given the fact that this wave sequence is an impulse and not a corrective wave in the larger scale, I think that the correction we have seen for the past 3 weeks will be most the upward movement we see for before a strong pull downward.

P.S. During the corrective pattern we have seen over the past few weeks Gotye's "Someone I used to Know" has fallen to number three on the weekly songcharts and has been replaced by the decidedly more upbeat both in tone and message "Call me Maybe" by Carly Rae Jepsen. I thought that was a neat correlation.


Best,

-W