Posted by epmaruggi on 12th of Jan 2010 at 12:13 am
So far Ned Davis' 2010 stock market timing model is right on the
money as the stock market has risen the first few days of January.
Now it's predicting a sharp decline until the end of January. This
fits from an Elliott Wave perspective since today's market action
along with the overbought conditions suggests that wave 5 may have
ended today.
Ned Davis' 2010 stock market timing model
Posted by epmaruggi on 12th of Jan 2010 at 12:13 am
So far Ned Davis' 2010 stock market timing model is right on the money as the stock market has risen the first few days of January. Now it's predicting a sharp decline until the end of January. This fits from an Elliott Wave perspective since today's market action along with the overbought conditions suggests that wave 5 may have ended today.
Can you please tell me
Posted by doctormike on 12th of Jan 2010 at 12:36 am
Can you please tell me the scale on the side, what is that measuring in? Thank you.
Not sure about the scale
Posted by epmaruggi on 13th of Jan 2010 at 02:37 am
Not sure about the scale on the side, but Ned's best guess is a high of 1300 in April and a low of 950 in June.