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Final bull market wave in progress
Started by
NAV
, Apr 29 2011 11:56 PM
6 replies to this topic
#2
Echo
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Posted 30 April 2011 - 12:51 AM
Thanks Nav. My long term Hurst analysis agrees with you, based on the 4.5 and 9 year cycle lows due to nest late this year. Watch for a low in the USD this summer to either trigger or solidify the decline from the indicies top, whenever it comes.
Doc
#3
diogenes227
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Posted 30 April 2011 - 01:24 AM
Thanks Nav. My long term Hurst analysis agrees with you, based on the 4.5 and 9 year cycle lows due to nest late this year. Watch for a low in the USD this summer to either trigger or solidify the decline from the indicies top, whenever it comes.
Doc
To be precise, the dollar will bottom on July 5th. That will be the day I return from my European vacation.
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#5
zoropb
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Posted 30 April 2011 - 08:44 AM
The dollar: needs a Feb type pop prior to the low before the largest rally since 2010 takes off. It may need to take out 08 low first. My target on my blog has been 68-69 area since January. When it does rally 78 area does not look bad.
SPX: I think we will need one more drop for about 4 to 9 days in May. This first minor correction starts likely after a high between Wed. of this week and Weds. of next week. After this minor correction one more rally likely into End of May or first or 2nd week of June. Then we should get a heck of a correction. To what degree not sure but if the buck has that big rally I think it does, the equity correction could be the largest since April-July 2010. No clue after that since the equities are a Gov backed project. Oh yeah and all views are "transitory" 
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#6
fib_1618
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Posted 30 April 2011 - 09:12 AM
Patience.That's a wave 5 or a wave C phenomenon, not a wave 3 phenomenon as some analysts who have been labeling it.
Fib
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#7
iloli way
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Posted 30 April 2011 - 01:05 PM
No if and or but have no idea how it will turn out, well, maybe some.
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