Down into October? Timing of the coming drop in the stock market across the world in certainly interesting. It could not come at a worse time for the current US administration. Late in the week, we saw a dramatic downturn in a fourth wave, which confirmed my count, and gives us a very clear path… Read more
Market Forecast Overview
The Fed is Delusional This week at Jackson Hole, Jerome Powell attempted to justify his continuing pipe dream of a 2% inflation rate. He also tried to paint this scenario as a “good thing.” It would be a good thing for central bankers (!), as it allows them to keep stealing our money. However, it’s… Read more
An Inflection Point “To be or not to be?” is William Shakespeare’s most often quoted line, and is uttered by Hamlet in the third scene of his play of the same name. He’s at a turning point, contemplating death over life. It’s often thought that he holds a skull in that scene, as he unveils… Read more
Up and Down …. This market is toying with us. Getting a top in place is like herding cats, or like Whack a Mole! “Whack a Mole” is a concession-stand game at fairs in which a player tries to “whack” plastic mole-like replicas with a rubber hammer as they randomly pop up from holes in… Read more
It’s a Waiting Game This market is toying with us. Getting a top in place is like herding cats. Everything is so close to a top, but when several cats (asset, or often whole asset classes) make it to a new high and one’s out of line, everything tends to drop back and then they… Read more
Out of Gas On the left is how I’m feeling about this market. Let it end, please! This weekend, it looks like we’re finally going to get that wish. There’s a full Moon on Monday with the apex at noon, EST. Full moons often warn of a turn down once their bullish influence wears off… Read more
Out of Sync Again! This weekend, the fragmented market sent me mentally back to the music of the 60s … “Set me free why don’t cha babe Get out my life why don’t cha babe ‘Cause you don’t really love me You just keep me hangin’ on” That’s the chorus from “You Keep Me Hanging… Read more
We Wait Last weekend, it appeared possible that we had a top in place. We’d traced out five waves down from a fifth wave top. However, it became obvious fairly soon after that a top was indeed NOT in place. On the other hand, it hasn’t been easy figuring out how we were actually going… Read more
Asleep Before the Storm It continues to amaze me that the herd is still fast asleep. Most of them likely get their information from the mainstream media, or heaven help me, Facebook. Where I live, people are wandering around with masks and doing “social distancing,” both having no scientific support ,whatsoever. In fact, masks can… Read more
Indices on the Verge We’ve had four weeks of sideways action after turning at a major fibonacci level (ES 3233) on June 8 to produce a wave down on a hourly chart that could be counted two ways. After catching this most recent rally up from the 2981 area in ES, we’re starting to get… Read more
