Market Prediction 2009-2014? (part 3)

Based on the methodology mentioned in the previous two Market Prediction posts here I set target level for the recent bull market cycle.

As seen on the chart 2.618x projection of wave 1 accurately set target for wave 3 around 1355. Market peaked slightly above that level.

1.618x projection of wave 3 gives target level 1680 for the last bull wave. I consider this target as extremely optimistic and set target area 1600-1650.

Find more on target setting method at capitalhubs.com/p/forecasting.html