$DOW - Forecasts For 2014 ... New Target-Low | #DOW #US30
$DOW - Forecasts For 2014 & Foreward ... New Target-Low | #DOW #US30
Hello friends of 4xQuad,
So, here it is. A new year. A new horizon ... And no change in our DOW forecasts: While the forecast is bearish, the trend interpretation is currently bullish. Yet, our system points to abysmal levels, hence the "Neutral" chart qualifier.
Since the release of our targets in early October 2013, we hit one and moved on up to our next target. We believe that 17391 will impose a significant overhead resistance, and that from this point forward, a Janus Pattern would potentially take shape to reach lower lows.
In fact, this potential bearish scenario has also carved out a new target low, which is defined as "TG-Low = 2033 - 02 JAN 2014" as of today, January 02nd, 2014.
We would like to remain objective and let our system "speak" for itself, however, we do anticipate comments of all qualitative assortments. However, remember that many of our forecasts have been preceded by incredulous reactions from determined traders.
Our most recent example came from #AUDUSD where we forecast abysmal targets in November 04th, against the "sentimental grain", and by mid December, price had indeed collapsed by covering over 640 pips of our forecast - See this forecast here: on.fb.me/1kDHbdB.
Our forecast are not exercises at proving anyone right or wrong. They merely generate directional biases based on a compilation of proprietary methodologies. All forecasts are strictly for educational goals - Here is our disclaimer, if you need to refresh on the rule of this cutthroat game of Forex trading.
In any case, welcome to 2014, and traders beware. Forex market is a wealth transfer mechanism from the more junior trader to the less junior trader: Experience alone means nothing if you have not learned and applied your past lessons wisely.
Cheers,
David Alcindor | 4xquad.com
------------------------------------------------------------
Our dead-on hit list: bit.ly/16JMnH8
Hello friends of 4xQuad,
So, here it is. A new year. A new horizon ... And no change in our DOW forecasts: While the forecast is bearish, the trend interpretation is currently bullish. Yet, our system points to abysmal levels, hence the "Neutral" chart qualifier.
Since the release of our targets in early October 2013, we hit one and moved on up to our next target. We believe that 17391 will impose a significant overhead resistance, and that from this point forward, a Janus Pattern would potentially take shape to reach lower lows.
In fact, this potential bearish scenario has also carved out a new target low, which is defined as "TG-Low = 2033 - 02 JAN 2014" as of today, January 02nd, 2014.
We would like to remain objective and let our system "speak" for itself, however, we do anticipate comments of all qualitative assortments. However, remember that many of our forecasts have been preceded by incredulous reactions from determined traders.
Our most recent example came from #AUDUSD where we forecast abysmal targets in November 04th, against the "sentimental grain", and by mid December, price had indeed collapsed by covering over 640 pips of our forecast - See this forecast here: on.fb.me/1kDHbdB.
Our forecast are not exercises at proving anyone right or wrong. They merely generate directional biases based on a compilation of proprietary methodologies. All forecasts are strictly for educational goals - Here is our disclaimer, if you need to refresh on the rule of this cutthroat game of Forex trading.
In any case, welcome to 2014, and traders beware. Forex market is a wealth transfer mechanism from the more junior trader to the less junior trader: Experience alone means nothing if you have not learned and applied your past lessons wisely.
Cheers,
David Alcindor | 4xquad.com
------------------------------------------------------------
Our dead-on hit list: bit.ly/16JMnH8
