Tuesday, August 27, 2013
THE MARKET IS CONTINUING IN ITS FORECAST TRAJECTORY LAST HIGHLIGHTED ON THURSDAY AUGUST 22 2013.
See chart below: Then short term support was projected from Fed Minutes action which had sent the DIA ETF to support on the six month echovector (solid pink) in parallel with the annual echovector (solid red).
This support was forecast to fail however after a 'several days' short-term bounce into this week: see annual echovector echo-back-week for this week.
Note the price momentum failure in this week's 2012 echobackweek proceeding into this period's end of August/early September 2012 second-wave swing trade low.
SEE YELLOW HIGHLIGHTS BELOW. SYRIA RELATED HEADLINES ARE THIS YEAR'S EVENTS.
KEY EXTENSION VECTORS IN ECHO
AND KEY FORECAST ECHOVECTOR SUPPORT AND RESISTANCE VECTORS WITH ECHOVECTOR PIVOT POINT PROJECTIONS