Abet Chichi2

[chichi2]

Futures,Daily,Weekly: Indices,Sectors,&_Forecasts_12/12/10_Revised

Indices Futures - Two (2) DAY charts - (RealTime)
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Daily charts for $SPX,$OEX,$NDX,$INDU,$XII,$VIX
(since_April_2010)
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Weekly charts for $SPX,$OEX,$NDX,$INDU,$XII,$VIX
(since_2009_Bottom)
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60min Charts ($SPX,$XII,$OEX,$COMPQ)
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Daily charts for All 9 MAJOR SECTORS (4 Months)
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McClellan Oscillators (NAMO & NYMO)
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McClellan Summations (NASI & NYSI)
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McClellan POMO (hot new timing tool)
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FORECAST

Monthly $SPX chart since 2009 Bottom

$SPX has now clearly moved above 61.8% Retracement hurdle. (12/12/10)



first posted July 13, 2010 by Chi2
yours is a reasonable question: Ans=

when 1300+ comes since it will be Completing the Five Major Waves Up, there will be a Major Correction.

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However, this general long term forecast was posted in 2009

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when the Major Bottom was put in at 666, SPX went up about 290 points to Top of Major Wave 1

corrected in Major Wave 2,
then started on a New Angle,

Major Wave 3 topped at 1220,

then it corrected in Major Wave 4, as many normal Major Wave 4's, it was a ZigZag wave of 5 mini-waves.

When Major Wave 4 is completed, Major Wave 5 began,
Major Wave 5 will finish itself at 1300+


thus eventually, i am calling it longer term, before a major correction of any sort of size,

i am still seeing we will get to 1300+
before this may happen.

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the above is a reconfirmation, today is 12/12/2010

Further i see Wave 5 not fizzling as some Wave 5's do,
but continuing on toward 1300+

and in 2011 seeing Wave 5 or its Extension
continuing upward of 1400.
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Weekly $SPX chart since 2009 Bottom

$SPX has now clearly moved above Major Wave 3 Top.
(12/12/10)




Weekly $SPX,NYSE,NASDAQ charts
with CUP and HANDLE ANALYSIS


These 3 Cups_&_Handles have_Broken_Out!

USING CUP & HANDLE PROJECTION ANALYSIS
PROJECTED ESTIMATES OF:

$SPX estimated to 1400

NYSE estimated to 8000

NASDAQ estimated to 3000







Note: $XII (Institutional Index)
Cup and Handle has not broken out yet.
But, it is sneaking around the corner.
(12/12/10)