Stock Markets Time Cycles Forecast 5-8-12

I commence with my gratitude to The Creator

IS MARKET HEADING FOR BIGGER CORRECTION THAN WHAT IS NORMALLY EXPECTED?

Stock Markets today, tumbled as much as 1.8% and then recovered some of the losses by the close of the day. Almost all of the leader stocks lost ground Tuesday At higher than usual volume, but many finished  above their session lows, mirroring the main indexes’ action. In fact, NASDAQ volume was the record high for this year
Today’s Markets reaction is indicative of underlying shift of markets’ pressure points. If that is true and is validated by continuation of the falling prices and certain support levels as indicated by the charts attached., are violated, then markets bull trend is in serious trouble for next intermediate term.

My time cycle tool, is giving me May 14th and May 17th as turning points. Markets need to find support at these time cycles and with the corresponding price levels for SPY, of $133.45, $131, and last one at $129, as shown on the attached chart.

If stock markets only find some temporary support and consolidates at these time cycles and do not sustain the support, then Stock Markets are heading for serious decline and even shall suffer serious capitulation.
It means that time cycle top (by pulling the market higher) expected in October 2012, is being inverted. Stock Markets are being pulled downward until then and instead, shall be market bottom around said time of October 2012. Which will result in market retesting the low of October of last year.

THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS

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