Large Heaps of Patience Required Third waves of ending diagonals almost always grind away at the top before they eventually exceed the target and then turn to the downside. That’s certainly the case here, but what makes this topping process even more frustrating to watch is the fact that major asset classes are slowly lining… Read more
Market Forecast Overview
Between a Rock and a Hard Place The central bankers of the world are powerless to stop the deflationary situation which is unfolding. They’ve been trying to turn it around for the past 10 years (ever since 2008), but have been unable to do so. The past few days, treasury yields have been rising, but… Read more
The Elliott Wave Principle Book (a peer review) “Elliott Wave” is a science. The more I work with it, the more I am convinced — and my concentration over the past few years has been in refining the core principles, based upon Elliott’s original work. Understanding of scientific principles evolves over time, as does our… Read more
The Long and Winding Road As I thought about the topping process and how all the asset classes i cover are gradually (painfully at times) meandering their way to a common top (common from a timing perspective), it led me to reflect on the bigger picture. Below is a post that addresses the fact that… Read more
Powell, Trump, and Xi We have an interesting power triangle playing out, at times a kind of a schoolyard rumble, between President Xi of China and President Trump, each attempting to outdo the other in an escalating trade war. There’s no two ways about it: Trade wars are financially destructive. Fed Chairman Jay Powell sits… Read more
A Period of Relative Calm? It was a very tumultuous couple of weeks in the US indices, and a potentially lucrative one, if you follow Elliott Wave structure. The wave up on Wednesday (on news) was destined for failure, which I identified, but which dropped farther than anticipated. The Pundits’ Reaction It was hilarious to… Read more
Strange Market Behaviour After a predictable week the week before, last week was the opposite: It was highly unpredictable! This week in this free blog, I’m going to provide some insight into the kind of thinking I do at the hourly (and smaller) chart level for the Trader’s Gold subscription service. I seldom share this… Read more
A Challenging Final Leg After a tumultuous week that was quite predictable (and lucrative for EW traders), on Friday, we bottomed. That’s not to say we can’t retest the Friday lows. The waves up are questionable and based on news, which is never a good thing. The prediction for August: sideways. I’ve been saying that… Read more
Fake-out at the Top After the apparent wave failure of last week, the market turned right back up this week. Tops are a process and this one is has been hanging on as the really big ones almost always do. But, the waves don’t lie. The week began with a rally into what appeared to… Read more
Friday was a Game Changer The infinity icon on the left gives you a good idea of the frustration I’m feeling about the length of time it’s taking for the US equities market to top. Friday afternoon late was a game-changer, because what was a potential ending diagonal very definitely broke to the downside, meaning… Read more
