A New Monetary System? I have thoughts of standing on a street corner and scalping toilet paper rolls … to make some REAL money … lol. In my city, and many others, both Costco and supermarkets have been cleaned out of toilet paper, as if it’s going to save a life! The mood of the… Read more
Market Forecast Overview
The “Nowhere to Hide” Wave We’re still waiting to see the top of the second wave of a larger fourth wave bearish drop to the 1800 area in SPX. It also happens to be the top of the third wave, as this pattern should trace out 5 waves to the downside (the final wave may… Read more
Corrective Waves I’m often amazed at the skepticism that sometimes arises as to my calls regarding corrective abc waves vs motive (impulsive) waves. And then, upon reflection, I realize that, in terms of Elliott Wave, it was probably the most difficult aspect of EW analysis to feel totally comfortable with. It probably took me a… Read more
An Unusual Pattern (to say the least!) As we’re so close to a top this weekend (and there’s virtually nothing to trade), it’s time to look ahead at where we’re going, both in terms of the market and what’s going to happen to society. First, the US indices. We have what appears to be a… Read more
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
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
