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Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
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 Posted: Sun Jan 06, 2008 12:15 pm Post subject: Stock Market Seasonal and Cyclic Forecast for 2008 |
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By: Andre_Gratian
Current Position of the Market
SPX: Long-Term Trend - The 12-yr cycle is approaching its mid-point and some of its dominant components have topped and may be restraining the bullish effect of the 4.5-yr. This could lead to another period of consolidation in 2008 with an eventual bull market top in 2009-2010.
SPX: Intermediate Trend - The intermediate-term trend which had been in a correction since the index reached 1576 has now resumed its up move, but the corrective pattern could be extended if a new high is not achieved soon.
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which determines the course of longer market trends.
http://www.marketoracle.co.uk/Article3222.html |
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