I have updated my charts given the strong C wave which has unfolded over the past few days. It blew past my original target level and this updated chart shows that we have either reached the peak major resistance point today or will reach it tomorrow in and around 14901. If my count is off it may be possible for the market to run up into the 1500's, but really do think we are nearing the very cusp of the end of this motive movement. In short, I am not adjusting my overall call for a bear market, just identifying the next most likely peak before it occurs. (NB: The color scheme on the daily chart may be off for this post as I have not had a lot of time to get these done.)
This purpose of this blog is to document my own education in the study of Social Mass Systems and Behavioral Finance. Please read the disclaimer below. THE PREDICTIONS AND ASSESSMENTS MADE ON THIS BLOG ARE FOR EDUCATIONAL PURPOSES ONLY. DO NOT TRADE OR RELY ON THESE FORECASTS OR ASSESSMENTS. NOTHING POSTED ON THIS BLOG CONSTITUTES FINANCIAL ADVICE AND ALL INFORMATION IS POSTED SOLELY FOR EDUCATIONAL AND ARCHIVAL PURPOSES.
Thursday, April 11, 2013
Updated Harmonic Elliot Wave DJIA Forecast
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