This is what using Elliott wave analysis can do for you. No other analytic tool had offered anything close to this. If I'm wrong I apologise in advance, but I would like to see it.
Where do we go from here? Despite having reached the target for wave 3 I do think we will see a slightly new high above 31.38, but we should not expect much more upside before a flat correction as wave 4 sets in. This wave 4 could take us all the way down to 25.50, but it could as easily stall at 28.45 in a sideways consolidation, but time will show what shape wave 4 will take. Just remember it will only be wave 4 and wave 5 higher is still to come.
I'm a keen Elliott wave follower. I do use, what you might call, standard technical analysis too, but my main focus is on the Elliott Wave Principel.
I use it professionaly as well as in my private affairs. To give you an example I sold my house in late 2005 and are currently renting a flat, not expecting to reenter the property market before 2012-2013.
I'm very much into long term seasonal cycles and demography too.
Waiver: I will not accept any responsability for any loss of funds because of any investmenst done on the basis of my analysis. The analysis herein are done with the utmost due dilligence, but can from time to time be wrong and point you in the wrong direction.
You are always wellcome to pop me a qustion or comment on my work and I will try to answer your question, but might not allways have the time to do everything.
My e-mail is: email@example.com