The End of a B Wave Era The Last Waltz was a concert held on November,1976 in San Francisco that resulted in a movie by the same name, produced by Martin Scorsese, released in 1978. It was the Band’s final concert and marked the end of an era – the Golden Age of music of… Read more
Market Forecast Overview
Reconciling the Larger Count Over the past week (and particularly this weekend), I’ve spent several long hours going through big picture counts on the major exchanges and sub-indices. I’m going to share my thoughts in a video (below), which looks at the final 5th wave of the NYSE, SP500, and NDX to see how they… Read more
Galileo: The Contrarian Galieo Galiie (1564 – 1564) was an Italian astronomer, physicist, and engineer. He is considered “the father of modern physics, the scientific method, and modern science.” He was the “disrupter” who introduced the theory that the Sun was the centre of our Solar System (ie. – the Earth revolved around the Sun… Read more
The Market With No Clothes We’re still waiting for my “cats” to herd. My stray cats are still IWM (the Russell 2000) and the US Dollar currency pairs (which includes, of course, the US Dollar Index). We’re much closer this weekend, but we still have a small gap to fill, particularly in the Russell 2000… Read more
For Trading and EW Novices For those of you who know little about Elliott Wave and apparently don’t want to read the book to learn about it, let me try to make a few things a little clearer. I called this B wave (that we’re near the top of) a corrective wave right from the… Read more
The Waves Tell the Story I get asked from time to time whether the actions of central bankers influence the way the market moves. The answer is “yes and no.” The “yes” part is that from 2009 to the present in the SP500 and related indices, we have a B wave, which is highly unusual… Read more
Full Moons Well, the influence of the full moon on Wednesday didn’t do very much to affect the markets. But, it was certainly apparent in the free blog: Animal spirits were out of control and on full display. I’ve attempted over the past several years here to promote the idea that the manner in which… Read more
Not Much Left to Say I’m expecting an imminent downturn in the US indices, and just about everywhere else. The small fourth wave from the week before last took 5 days to the downside. I predicted that the fifth wave up would take a similar amount of time, projecting a top either this past Friday… Read more
Ralph Nelson Elliott’s Work Ralph Elliott’s ground-breaking book, Nature’s Law — The Secret of the Universe, was published on June 10, 1946. He died less than two years later, on January 15, 1948. He has been in ill health for over twenty years, an affliction that struck a couple of years before the 1929 stock… Read more
We Wait … Last week, I noted that “the ducks were all lined up” for a turn to the downside. These “ducks” are all the assets I cover on a daily basis. But stubbornly, my ducks have not budged. They have been moving sideways this week in what might be a final contracting triangle. We… Read more
