market analysis

ppteam

The target for the termination of the current phase of the bull market rally was between 9750 and 10,000. As mentioned above, I am not expecting an easy ride for the fifth wave as clearly it is an obvious pattern to interpret following waves 1,2,3,4. What does this mean ? Well wave 3 is screaming weakness, so that suggests a weak push higher rather than something that resembles wave 1.

The MACD is also signaling serious price weakness as there is clear divergence taking place between the rising trend and a falling MACD, very similar to the June peak.

Two possible outcomes:

a. That the fifth puts in a lower peak than the wave 3, which is significantly more bearish.
b. That we get some sideways drift (possible false break lower) before a sharp rally for a higher fifth into the target zone

the FTSE 100 Index has FULLFILLED ITS 2009 Bull market Target of 5,000 and is primed for an IMMINENT SERIOUS CORRECTION, the only delay of which is in alignment with other global indices.

bigbadwolf

下周OE出高点？

trueself

zhyangi

oldpigwang

1# ppteam
Hi, what is the timing for your
" termination of the current phase of the bull market rally was between 9750 and 10,000"?
Thanks.

ppteam

This is ZT.

"
The Price action to date has shown relative strength against the forecast of a month ago, this suggests a higher target than the original 9750 to 10K before the end of Oct 2009, the secondary stated target was 10,450. However it also suggests that the market may put in an earlier peak. I am still leaning towards the next correction AFTER the peak to be of greater significance than the last correction from June to July. Also, whilst my in depth economic analysis is on the UK economy, however much of the conclusions could equally be applied to other western economies, the analysis of February 2009 has been projecting towards a a DOUBLE DIP recession (updated June 09) which has negative implications for stocks during 2010, but for now DON'T be silly, don't fight the stocks bull market (time to drop the word stealth).
"