(PRWEB) July 13, 2012
Using very nontraditional, little known types of analysis, analysts at TradersBase GP believe that they have mapped out the market's action for the rest of this summer. With minor hiccups, they expect at least a 10% market downturn into August. In addition, by spring 2013, they expect a decline of at least 25% in the market
" Using analysis of both price and time, and integrating human psychology into the analysis, the market seems poised to continue to decline another two percent into July 17, finally turning upward between 1:30-2 PM that day. Our expected target on the Dow Jones Industrial Average is 12,352. From that point, markets will correct upwards, turning back down the afternoon of July 20. From there, global markets drop sharply into the end of the August. The sectors most vulnerable to a downleg seem to be financial stocks and technology."
Also citing business cycle theory, they note that roughly every four years since WWII, there has been a recession. It has been four years since 2008. Also, they cite that that the only remaining advancing stocks in the market are the so-called "defensive stocks," and most stocks outside of that class are already making new lows.
TradersBase.com is a recently created investment analysis site, led by Chris Diodato, a student at Penn State University & Mike Cichocki, a futures trader. Unlike other investment sites which only offer ideas, they focus on precision market timing. Their systems identify turning points at market tops and bottoms. Their services are currently offered for free.