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Market Commentary 2Jan12

Market Commentary 2Jan12

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Published by AndysTechnicals
An update of the S&P500 using Wave Theory and technical analysis.
An update of the S&P500 using Wave Theory and technical analysis.

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Categories:Types, Business/Law
Published by: AndysTechnicals on Jan 02, 2012
Copyright:Attribution Non-commercial

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01/08/2012

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Andy¶s Technical Commentary__________________________________________________________________________________________________
S&P 500 ~ Year Ahead Look
( A )³w´³x´³y´
This is my projected price action for 2012. The world¶s political focus will turn to the U.S. Presidential Elections. The U.S. Stock Markethas held in very well during the ³upheaval/crisis´ facing Europe. The wave count suggests that situation will change in the year ahead.The market looks headed for another whipsaw/choppy year butthere should be a downward bias as the (C) wavebegins to take hold.
One wonders what ³news´ might causethe bear market?
( B )³z´³x´
Important Top at 1345 
abcde
ummer 
woonduring ³Presidential´ uncertainty 
ab
Rally into election dueto greater ³certainty´ 
( C )
The above bearish wave count is predicated on theS&P 500 remaining below 1345. Any break of that level would cause a recount.
³a´
 
Andy¶s Technical Commentary__________________________________________________________________________________________________
S&P 500 ~ Daily
The outline presented below is probably a better accounting of the price action
.
If there¶s a way for a wave to last longer,then it¶s best to just assume it will 
.
The chart pattern below also implies that this is NOT going to be a great market to be³involved with´ as there will be tremendous opportunity to get ³chopped up´ up within this triangle.
( B )³x´³z´e?( C )
a
-
y
--
c
-
b?c?
-
c
--
w
--x--
a
--
b
-
d?
-
a
--
b
-
REPRINTED from 12/19/2011
 
Andy¶s Technical Commentary__________________________________________________________________________________________________
S&P 500 ~ Daily
The proposed c
-
wave within the triangle seems to have further to run. It¶s possible that it has alreadyconcluded but it would mean a very short
-
c
-
within c.
nlikely 
. Prime targets for the
-
c
-
wave would be1293 and 1311. 1293 would the 61.8% of a
-
wave and would look like a ³double top.´ 1311 would be thelower degree
-
a
- =
 
-
c
-
. The implications are for a triangle with upward
-
sloping bias.
( B )³x´³z´e?( C )
a
-
y
--
c
-
b?c?
-
c
--
w
--x--
a
--
b
-
d?
-
a
--
b
-

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