NEWS ALERT |
FINAL DOWNSWING BEFORE RESUMPTION OF ‘INFLATION POP’ ADVANCE18th May 2012 – by Peter Goodburn – as presented on CNBC Financial News - copyright 2012 ©
Upside targets for the completion of the upswing from Oct.’11 low of 1074.77 were originally forecast to end at 1450.00+/- this year – this measured a convergence of fib-price-ratios where primary wave A (1370.58-1074.77) was extended by a fib. 23.6% ratio and intermediate wave (A) of primary wave B (1074.77-1292.66) was extended by a fib. 61.8% ratio. In actual fact, the lower fib. 14.58% extension ratio was enough to qualify the completion of intermediate wave (C) of primary wave B at 1422.38. Larger declines are now forecast during the next several months as primary wave C – to a minimum 1160.00 as part of a triangle, or max. 979.45 as an expanding flat pattern.
Sep.’11 upswing ended at March ’12 high of 2611.42 and the subsequent decline begins much larger ongoing declines for the remainder of this year as the secondary zig zag within a larger ‘double-three’ pattern. Downside targets min. 1812.23 measured by extending the expanding flat between 3044.37-1935.89 by a fib. 14.58% ratio – alternatively, extending by a max. 38.2% ratio that projects to 1628.44.
Declines from the June ’07 high of 5.328 is the last and final phase of the long-term interest rate decline from the historical high of 15.840% of 1981. It is unfolding as a 5th wave within a larger ending-expanding diagonal pattern and taking the form of a double zig zag pattern labelled in intermediate degree, (A)-(B)-(C)-(X)-(A)-(B)-(C). The final (C) wave is in progress from 3.770 and itself must subdivide into a smaller five wave expanding-impulse pattern in minor degree, i-ii-iii-iv-v. More declines are necessary this year before a terminal low is achieved. An absolute downside target for completion measures to 1.407% where the first zig zag (5.328-2.033) is extended by a fib. 38.2% ratio. Sincerely, Peter Goodburn END | FIN | ENDE |
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