Abet Chichi2

[chichi2]

ZoranGayer: UpDate, eWave Forecast DOW & SPX

http://www.safehaven.com/pdf/011705gayer.pdf

EWP on the DOW and S&P, 17Jan2005

CONCLUSIONS
The down move concluded on Thursday.

Based on EWP expectations, the indexes should see an up move next week. It is expected to be weak. A strong up move would throw doubts on the count. The up move is expected to be driven by short covering initially.

A fall below [T2] would signal the start of a strong down move with long liquidation T5 below on this chart is a BIFURCATION POINT. If a BIFURACTION POINT is complete usually a strong move results, the lack or its existence will be an interpretive signal. The strong departure from a BIFURACTION in fact confirms that the overlapping pattern is complete and has BIFURCATED. As with all BIFURCATION POINTS the market has reached a BALANCE. Though we can take an excellent guess at its direction, there is always the chance at such points of the market running either way.