Thursday, June 21, 2012

Market & VPSBM Update

Based on the latest EW count analysis, market can head up to 1380s by the end of June. The rise to this level will require one more up-down-up sequence.

We are currently at:
          |-> 1 2  i   ii  iii  iv
                                    |-> Next: v/3  4  5/C

1385 will also mark the 78.6% retracement of the 2 month decline from April to June 1, 2012. Furthermore, the global stock market proxy, will also test critical resistance level at the same time. Therefore, it amplifies the potential of market topping out in 1380 area.

Note: Vix based sell signal is close at hand. Therefore, caution is warranted.

Special Thanks
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          If one subscribes to a financial analysis service, he is required to pay for services without a choice. However, UST wanted to be different by giving its readers a choice!! Hence, VPSBM was introduced to see how readers are benefiting from UST's market analysis. 
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Therefore, UST has introduced a unique "Voluntary Performance Based Social Bonus Model (VPSBM)". In this model, reader will award the UST team with performance bonus based on creative, interesting and actionable articles, analysis, and ideas. In this way, we will be encouraged to write objective market analysis on a regular basis and you can choose the payment time and amount.

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1 comment:

  1. Due to the major correction today, would you mind giving us a status as to where we are now?


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