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Video Report: Is The Point Of Recognition About To Hit As Another Stock Market Crash?

  • Written by Syndicated Publisher No Comments Comments
    July 12, 2010

    www.elliottwavegms.com

    From Elliott Wave Global Market Service

    Taking an objective look at the major US equity indexes it would appear likely that there are plenty of reasons why these markets might be close to completing major topping patterns right now. The US markets are again looking increasingly likely to start yet another major move down, and this time the move lower is likely to usher new lows, much lower new lows.

    By using a combination of Elliott Wave Theory and technical analysis we can identify that the majority of technical evidence is indicating a range of larger bearish topping chart patterns forming now, patterns that are likely to lead to swift declines to much lower prices.

    Most interestingly, there are now forming a confluence of factors that are pointing to significant tops forming right now with a great deal of downside potential if these patterns play out as we expect – and in most cases declines look set exceed 60% of current price levels in most markets over the longer term. On a short term basis, a range of topping patterns appear to be close to completion now and are indicative of a 10-20% crash move developing at any time.

    Other than a host of technical indicators and bearish technical chart patterns, the most obvious indication of a major move lower is a near complete bearish Elliott Wave count, that if correct will usher a larger crash move in the near term

     

    Rather than go through the individual detail of each market I have decided to attach to this article a copy the Short Term Forecast Report from the 14th of June that details the prevailing technical evidence indicating lower prices directly ahead.

    If you follow the markets and use either Elliott Wave or technical analysis for the basis of your trading and you would like to receive daily video reports covering the short term Elliott wave and technical analysis of the major US markets, Gold Trust, Oil Holders and USD Bullish then please visit our service at www.eliottwavegms.com.  Of course, we also cover all major global markets, currencies and commodities in our monthly forecast report in addition to our portfolio stock service by way of weekly video update.

    We are currently offering A WEEK OF FULL MEMBERSHIP FREE to all visitors who register only their first name and email address.  To get full immediate access to the full range of video forecast reports for click here GET ONE WEEK OF FULL MEMBERSHIP FOR FREE!

    Paul Thomason

    Founder, Elliott Wave Global Market Service

     

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