They’re All Lining Up If you were in the Chart Show this past Wednesday, you caught a really good one! I showed how virtually everything I cover is set up at inflection. There are flats of one type of another all over the place. Last weekend, I said that I expected the topping process to… Read more
Market Forecast Overview
The US Dollar – Bigger Picture There was an article in Zerohedge at the end of this past week that compelled me to do a long overdue technical analysis of the US Dollar Index. The article is about the work some countries have undertaken to develop and alternative to the SWIFT system, which has been… Read more
Goofy There was an article that came out at the end of the day Friday on zerohedge that I was going to comment on, but then I had defend myself when I commented a major clam analysis … and it just put me completely off.) This followed a commenter posting and promoting a competitive site… Read more
Pundits — A Good Laugh! I found myself chuckling this past week as there were so many predictions of a turn down in conjunction with the Fed announcement this past Wednesday, which didn’t have a chance in Hell of happening: Events don’t affect the market in a lasting technical manner. We were still expecting a… Read more
A Major High Dead Ahead There’s a lot of unpredictability built into the market overall at the moment. We’re close to a major top, so you have to expect some volatility and a lot of uncertainty. It’s a dangerous market. While this weekend’s prognosis across the various asset classes seems fairly obvious, it also signals… Read more
The Megaphone Pattern Broadening tops are not an Elliott Wave pattern. The question I’ve been attempting to research this weekend is if we are going to have a wave up in three waves, or five waves. My conclusion (because I’ve found examples of both), is that we’re likely to get an ABC wave up in… Read more
Drilling Down Into the Sub-Waves It appears few commenters in the free blog care much about Elliott Wave, but we keep rolling along in the Trader’s Gold area reading the wave and staying aligned with the moves in the market. I called the current wave to the downside corrective right at the top, and of… Read more
Everything is Wonderful! If you pay attention to leaders of virtually any country in the world, everything is wonderful. The main stream media will back up that sentiment. For example, in the US, the trade war is supposed to be a good thing … bringing lots of revenue into the country through tariffs (does anybody… Read more
They’re Everywhere! LIke lemmings, which multiply every three and a half years and end up eating themselves out of “house and home,” ending up drowing in the ocean as they search for more food, ending patterns are terminal. They end and the trend reverses. In the case of ending diagonals, it’s a dramatic reversal. That’s just… Read more
