Sunday, January 30, 2011

Stock Market Analysis - January 30, 2011

Stock Market Analysis
Based on current sentiment readings, historical perspective, indicator's analysis and Elliott Wave structure, it seems like market can still continue higher for the next couple of weeks. This observation is in agreement with the new inflection point model. Market Matrix is given below. 

Note: Can Egypt take the entire market down? Or was this the washout which would give way to further rally? I will discuss detailed market conclusions on Tuesday - next week.  

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