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Stock Market Topping Scenarios

Stock-Markets / Stock Markets 2015 Apr 21, 2015 - 04:28 PM GMT

By: Anthony_Cherniawski

Stock-Markets

Wave (v) of [c] may not be complete yet. Assuming the labels and structure are correct, we may arrive at the final target for Wave (v). Since Wave (iii) is approximately 50% larger than Wave (i), we may assume that Wave (v) may seek equality with Wave (i) at 2115.84. This does not make Wave (v) of [c] the all-time high, but it gives us a minimum measure for Wave (v).

Another measure is that Minor Wave 3 is approximately 50% the size of Wave 1. Since the calculations must be a Fibonacci sequence, I suggest that Minor Wave 5 may be 31.8% the size of Wave 1, targeting 2126.47 as a probable target. This measure would create a final all-time high in SPX.


Finally, the 2119.59 high may have been the all-time high. From a Cyclical perspective the March 25 high is exactly 8.6 days from 314.16 weeks from march 9, 2009 low. The cycles suggest there is no need for a new high. The problem with this is that the only warning of the top is the crossing of the 50-day Moving Average at 2085.76. When that happens, all hands better be on deck! There wil not likely be another chance to be short.

Regards,

Tony

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