Best Financial Markets Analysis Article The DAX by breaking below 6908 today confirms a major correction is due! Most likely appears all the way below its 09 low of 3695 over the next year or 2 before its long term trend turns up again!

Looking from the 07 high we see a clear 5 wave count to the 09 bottom.

The detail of the weekly pivot -1 to -2 is shown below.

The S&P 500 appears to be closing in on its final multi year top, monthly pivot -2

Looking from the 07 high we see a clear 5 wave count to the 09 bottom.

The detail of the final weekly pivot 4 to 5 (monthly -2) is shown below.

The orange circle shows the expected final top. This is estimated by the W123 fork SP to W4, which often gives pivot 5 turning points.

If this is correct monthly pivot -3 will take us below the 09 bottom of 668 over the next year or 2, in multiple waves.

Using the same wave counting principles it appears that the state of decay of the DAX is further advanced than that of US markets.

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© 2012 Copyright Marc Horn - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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