Market Outlook

GrandSupercycle

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MARKET OUTLOOK ~ using proprietary technical indicators.

Am expecting a significant sell off.

S&P500 monthly chart shows another broadening pattern aka megaphone top...

Be careful folks.
 
I expect continued gradual decline terminated by a quick sharp sell off. Then the market turns upwards. This is my gut indicator talking.
 
I am expecting some movement though not a lot, unless it moves beyond the boundaries set by last week’s inversion through the sell-off levels. Failing that, it’ll gravitate round the median and we’ll see either no movement or lots of movement on low volumes, or large volume with some movement or concomitant movement in relation to volumes seasonally adjusted and ahead of QE3.

Medium term I’m expecting to work on my abs although the potential for a sudden spike or even minor reversal of course increases in direct relation to the time since the last one.

Longer term, I’m expecting much of the same with the downside looking as likely to follow though unless we get a volume adjusted reassessment of the upside move on varying volume profiles leading to higher levels before it changes direction again or consolidates.
 
Not really Richard.

After a weather forecast it’s possible to decide from subsequent metrological conditions if the forecaster got it right or not.
 
"metrological conditions "

Only if you're a sensible metro-man, certainly not the Islington luvvie crowd of wealthy socialists and sandal wearing lib-dems
 
I hope this thread stays ON TOPIC.

Fun times ahead imho...

stockmarket618.wordpress.com/2011/06/01/wed-june-1
 
I've been following this guys blog for a while, it's good stuff give him a chance.

Crinia stick around they will get bored taking the **** after a week or two
 
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China, thanks for your comments but if the off topic crap continues I shall leave.

So it's up to the mods to hopefully do their job.

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Key index weekly charts now give bearish signals – the correction gathers momentum.

Next S&P500 target is 1222 but that won't hold.

Unfortunately March 2009 lows will be breached.

Be careful folks.

stockmarket618.wordpress.com
 
I think it will either go up or down but with a high possibility of sideways movement.
 
...but what I can be certain of is that we will be spammed by what's his name that started this (and several other) nonsense threads.
 
If political cycles are kept in the picture, I take it as a summer correction. Mr president of the US and A needs markets and the economy in some presentable form if he is keen to get re elected. In any case markets are propped up close to elections. After that the same crap starts up again..

4 year political cycles are quite interesting..
 
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