PMKing Trading LLC - Market Perspective

PMKing Trading LLC

Market Perspective April 17th 2007

φ A Medium-Term and Long-Term US Market Perspective April 17th 2007

As you can see from the date on this market perspective I've been a little too busy lately to be able to update my manual analysis. I recommend you take a look at Elliott Wave International for excellent (and constantly updated) market information!

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Overview

This market perspective is based on the Elliott Wave Principle and represents a best estimate of the most probable future market direction. For more information regarding Elliott Wave Principle please see our Elliott Wave International site review here.

Legend

—

Green Line

Trend

(5 waves)

—

Red Line

Correction

(3 waves)

º º

Green or Red Circle

Possible Wave

Terminus

♦

Green Diamond

Wave Terminus

♦

Red Diamond

Wave Terminus

→ →

Green or Red Arrow

Probable Market

Direction

Monthly Commentary April 17th 2006

We were stopped out of our short position entered at 1380 on 3/5/7 at the close on 4/16/7 at 1468. We have now reversed to long with an initial trailing stop at 1380.

Yearly Commentary April 17th 2006

We are still long the yearly chart with an entry at 1325 from 9/20/6. Our trailing stop is now at 1367.

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Market Perspective Archive

This market perspective is for your information only. Please get professional advice before risking money on trading or investing using this information. Note that the S&P 500 is a theoretical index that cannot be directly traded.