Truncations Don’t Exist Truncations are one of those Elliott Wave market anomalies that don’t exist, in fact. There has never been one; each example in the book is bogus and at no point in the past hundred years, have we ever seen a documented example of one. I have argued that, in fact, it doesn’t… Read more
Market Forecast Overview
Divorced from Reality The market this weekend is quite the mess. We have currency pairs (particularly AUDUSD) which seem to be out-of-sync with other USD pairs. But, we do have the Euro headed back up (and the US dollar down), which is what we want in order to get a logical top in place. The… Read more
Up Into the Fed Meeting The US market rally from Dec. 26, 2018 is at the end of the road, as per my blog post of last weekend, and late this week, the US indices confirmed the top is imminent by dropping down into a final fourth wave. It appears to “the herd” as if… Read more
Monday is a holiday (Martin Luther King day) The US indices are closed on Monday so I don’t expect to see much action here until Tuesday morning. The big story this weekend is the number of apparent non-confirmations we have. These very often occur at tops, are often difficult to catch (to trade), and in… Read more
Yogi Berra Lawrence Peter “Yogi” Berra (May 12, 1925 – September 22, 2015) was an American baseball player, manager and member of Major League Baseball’s Hall of Fame, noted for his bad-ball hitting, his ability to perform in the clutch, and his peculiar, humorous-sounding statements. Most people have heard at least some of these statements… Read more
Thank You, Central Banks … … for stealing our money and ruining the economy worldwide. This smaller bubble (still one more final high to go in 2021) is about to pop and we’re going to see the Fed “without any clothes,” so to speak. So many signals are pointing to a top here. When I… Read more
Santa Showed Up, but … This topping process has been the most extraordinary thing I’ve ever seen. Absolutely everything has traced out corrective waves at the top — that’s never happened before in any market, as far as I’m aware. But it does help to confirm the current pattern — an expanded flat. Since the… Read more
I’m Expecting A Santa No-Show I’m referring to the normal Santa rally, which happens over the Christmas holidays and into early January. I think it’s going to be a no-show. Nothing would make me happier to see a top on Monday. And then there’s the 26th, which is a solar eclipse. We’re that close. This… Read more
An Attempt to Plug the Dike Jerome Powell (the current Federal Reserve Chairman) is a little like the Little Dutch Boy and the Dike story that I remember from childhood. I get the occasional email from people telling me there’s no way the market is going to head down with the Federal Reserve printing so… Read more
Influences That Drive Markets For several years now, I’ve talked about the phenomenon of the US Dollar driving the market. It was met with a lot of skepticism in the early stages, but now, of course, it’s undeniable. The international market has been moving “as one” for about three years now, all asset classes following… Read more
