Market Scheming

Monday, May 16, 2011

Dow Jones on its last leg up?? predicted top at 13271


The end looks like it might be near for the stock market rally beginning back in July of 2010.  If this count is correct the next top would be and end of a secondary and primary wave 5.  This would mean a correction of the entire impulse is likely to come next.

Using the highs and lows from each cycle, using ELLIOTT WAVE PROYECCIONES DE PRECIOS, the most probably projections were created.  I have selected 13271 as my primary target.


Some additional statistics:

avg Primary 13365.86
avg secondary 13048.86
avg total 13207.36


median Primary 13352
median secondary 12943
median total 13234


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