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How to Get Rich Investing in Stocks by Riding the Electron Wave

Overbought Stock Market Warning

Stock-Markets / Stock Index Trading Sep 19, 2009 - 05:31 AM GMT

By: MarketTimingCycles

Stock-Markets

Best Financial Markets Analysis ArticleForwarned is forearmed - The Stock Market  is now further climbing up this fall of fear. The Stock Market is taking it’s time to complete  a wave C of 4 of some degree we assume for now. In earlier posts we published a time target between mid and end of September 2009. We have reached the minimum target in price and time for some time, and the trend is still in tact.The market is overbought, so be prepared the market can turn at any point in time. A top could already have set in.


We are now closing in to the 50% price retracement level (S&P500:1122) of wave 1-3 (October 2007-March 2009) at a probable time target of September 29th 2009. This target is at the top of the channel, at the crest of a dominant cycle (see below chart) ,as well as 144 Fibonacci trading days since the bottom of March 6 2009. This target applies to many of the major indices like the Dow Jones Industrial Average,

FTSE100, German Dax, Nikkei225, the Dutch AEX etc. Some markets already reached at their preferred price targets!

Be aware. The Stock Market is likely to be drawn as a magnet to this energy point in time and price, mentioned in this article, although anomalies can happen. The party is likely over if we close below 1015 on the S&P500. Allow for some deviation at the probable top of  +- 1 trading week. Take care!

We will be posting more stock market analysis for our selective group of subscribers through our postings on markettimingcycles.com. If you want to be kept up-to-date on our cycle research and stock market commentaries please subscribe to our newsletter below now.

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