Weekly Stock Market Update, Forecast and Outlook for Week of August 5, 2013.

We are approaching the August 7 confluence date. Judge for yourself the market outlook from here. My thoughts on market forecast have not changed. Arrive at your own conclusions: Short Term this is the Final Thrust up and Out Per the Fractal.  If it is a bull meltup, there is not that much room to run. Bull Scenario.  August 7, 2013 has been the second correction top for a while.  August 7, 2013 Astrological Date from that Post.  August 7, 2013 is also the peak of the Economic Confidence Model (Just that data point, not the presumptiosn associated therewith).  Prior August 7, 2013 Armstrong Cycle Discussion.  If it Runs the Distance, Almost There.  John Hampson's Geomagnatism Cycle is Corroborating.  Sentiment Trader's Leveraged ETF Volume is Corroborating. SO, what will happen? I think, and have thought, and continue to think, that this is eithe Wave 1 up in a new bull market, or it is a bear market. Probabilities favor that we retest the November 2012 low in either case. Now, could the recent stock market correction be the restest already have been the retest of the bull market scenario low? Yes, it would be shallow, but it could be.  That is the stock market sceanrio that would make me wrong. It is low probability given that the correction was so shallow respective to the initial move off the November 2012 low. But possible. We have arrived. This is what I have been talking about for this year. Peace, Om, SoulJester