Weekend Market Forecasting and Trading Report
Stocks are finishing Grand Supercycle degree wave {III} up with a Jaws of Death pattern. Grand Supercycle degree wave {III} is a multi-century pattern. The Jaws of Death is a multi-decade pattern. Huge patterns. The amazing thing is, this multi-century pattern could finish between now and early 2013, a historic event very near. Our leaning is that the Jaws of Death pattern, which is a twenty year pattern, needs one more pretty strong rally to finish. Our leaning is this final rally in the Jaws of Death pattern could start sometime between now and the U.S. election, over the next few weeks, and take prices 7 to 10 percent higher into year end or even early 2013.
Weekend
Market Forecasting and Trading Report
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Author: Robert McHugh
Robert D. McHugh, Jr. Ph.D.
Main Line Investors, Inc.
Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania, and can be reached at www.technicalindicatorindex.com. The statements, opinions and analyses presented in this newsletter are provided as a general information and education service only. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this newsletter is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. Neither Main Line Investors, Inc. nor Robert D. McHugh, Jr., Ph.D. Editor shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.
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