POWER DATA ONE WEEK AHEAD - Provides an 80% Correlation to the SPX

Saturday, April 16, 2011

Market Timing-Whats Next -April 16th - Elliott Wave Projection

Hooray- I found an image hosting site and thus I can add my own Elliott wave labeling

After this decline, end of which can possibly extend to mid May we can still expect the market to rebound into June , July and up till August 17th where a top of the entire trend from March 9th, 2009
can possibly be in effect, leading to a 1year steady decline into May or June of 2012 where the Kondratieff Winter LONG WAVE seems to make its lows. From there, we can expect the markets to
STRUGGLE higher into for the next 13 months as it begins a new 70 year cycle. Similar to 2002 and 2003, as well as 1991-92, 1980-82, etc, we can expect a secondary low sometime in 2013.


docsteve52 said...

Jay...i think you meant to imply mid-year instead of mid-day...right?...steve

gismeu said...

I think mid-May makes more sense than mid year.


Jay Strauss said...

MID MAY\Sorry didnt proof read

Whatever plunge IS COMING should be essentially over on the 19th, with the 26/27th back fill, after a rally from 20th into the 25th.