On May 3, 2011 in an Update to his Outlook for 2011, Daniel Ferrera perfectly called the May 2011 top and advised subscribers to exit positions or protect profits. This advice saved many investors the losses seen from May – August 2011! Were you out at the beginning of May, or were you caught in the crash of the last months? Your own answer to this question will define whether this advice would have been helpful to you?
Daniel T. Ferrera’s
General Outlook 2011 - May 3, 2011 Update
Based on market structure, underlying cycles and basic technical chart patterns combined with the general stock market forecast that has been in place since the market lows of March 2009, one should consider locking in profits based upon the February 18th swing high point (1343.01 on S&P500). A decline or market correction back to this level would trigger a “lost motion” sell signal (See my course: The Keys to Successful Speculation).
Overall, the market has followed the forecast pattern with a high degree of correlation. Considering that the 10-year cycle is still declining into 2012 and that two intermediate term cycles are beginning to reach their cyclic peaks, it would be wise in my opinion to protect profits that have been accumulated over this 2-year advance. In addition, this advance has followed Gann’s basic forecasting rule of 2-years up, followed by 1-year down (projected as 2012), which was illustrated in both the 2008 & 2009 Outlooks.
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“Past performance is not indicative of future results”. You should understand that there is considerable risk of loss in the Stock Markets, Futures Markets and Option markets. Neither I, nor anyone else involved in the production of this material, will be liable for any loss, damage or liability directly or indirectly caused by the usage of this material. The data used in this material is believed to be from reliable sources but cannot be guaranteed. The projection methods and/or timing techniques contained in this document are not to be taken as “investment advice”. Ultimately, you are responsible for all of your investment decisions. If you are unwilling to accept this responsibility, then you should not invest in the financial markets at all. The outlook for 2009 is being presented educational information designed for entertainment purposes only. It is understood that nobody can accurately forecast the future with any reliability.