Rally or crash? Yes! In that order. The stock market indices are at oversold extremes, and the decision support engine's
pattern-recognition algorithms have found no instance in the past
century when such oversold extremes weren't immediately followed by a
multiday to multiweek rise.
Therefore, within the coming three to 13 trading hours, a short-term rally should begin. The daily bar chart of the S&P 500 futures (continuation contract) below shows the two highest probability-ranked paths for the coming one to four weeks. The test of the bright green oval at the lower right corner of the yellow box will lead to a failing retest of 2015 +/-10 before the market reverses and begins the worst bout of selling since 2008, or the markets will manage a few extra weeks of a rally to 2135 +/-20 before the final highs are printed, capping at least the entire rise from the 2011 low, if not from the 2009 crash low.
http://www.thestreet.com/story/13418329/1/yes-the-stock-market-will-crash-but-only-after-this-brief-rally.html?puc=yahoo&cm_ven=YAHOO
Therefore, within the coming three to 13 trading hours, a short-term rally should begin. The daily bar chart of the S&P 500 futures (continuation contract) below shows the two highest probability-ranked paths for the coming one to four weeks. The test of the bright green oval at the lower right corner of the yellow box will lead to a failing retest of 2015 +/-10 before the market reverses and begins the worst bout of selling since 2008, or the markets will manage a few extra weeks of a rally to 2135 +/-20 before the final highs are printed, capping at least the entire rise from the 2011 low, if not from the 2009 crash low.
http://www.thestreet.com/story/13418329/1/yes-the-stock-market-will-crash-but-only-after-this-brief-rally.html?puc=yahoo&cm_ven=YAHOO
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