Stock market projections
How have we done on our stock market predictions in 2009? The proof of the pudding is in the eating!
If you browse around this blog you will find we accurately predicted the next move in price and time ahead of the crowd sometimes days, weeks and months before it actually happened.
On February 22nd 2009 we wrote: ” I expect that around March 10-12th +/- 4 days we will have set a temporary bottom. I than expect, looking at the longer term cycles, the market will retrace from the March bottom for several months and can go south again for another few months until June/July this year.“
On March 11th we concluded: ”Given the price movement of March 11th, there is a high probability we have reached the bottom of the medium term cycle we have been following for the stock market in past previews…”
Comment: the S&P 500 bottomed at March 6th 2009.
On May 3rd our findings were: “..the dominant cycle we are following closely in these blog postings of the last few months is still in play, and there is a 75% probability this cycle is likely to run it’s course until May 8th +/- 4 days. This intermediate high will probably confirm an Elliott wave 4 of some degree (or part of it), since the down-trend started in 2007. We do expect a further down-trend will set-in once this high has been confirmed. This will likely take us to much lower regions, and culminate in a bottom around July 7th 2009 +- 4 days.”
Source: Market Timing Cycles
Technical Analysis for the Trading Professional
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