The Up and Downs of Fourth Waves Up and down, back and forth. That’s the nature of fourth waves, particularly in a corrective pattern, which is what the NYSE is in, along with all its sub-indices. And sure enough, this particular fourth wave is proving to be one of the most difficult to predict ever (although… Read more
Market Forecast Overview
Interview with Dale Pinkert (F.A.C.E.) Here’s the playback of an interview I did with Dale Pinkert on Thursday, Dec. 6, 2018 at 9:30 am EST. Here’s a page of video playbacks over the past month or so. Here’s the sign-up page. httpv://www.youtube.com/watch?v=n9hCG5TBtGA Make sure you zoom the video to full size with frame expander (arrows) in… Read more
Good — Until It’s Not Hope on steroids, otherwise known as “Hopium” is the “placebo” of the 21st century. You’re going to see it play out as never before with the final wave up in the US indices. Hopium creates “false” euphoria, a sense of hope that’s got little in fact to support it. The herd is on… Read more
The Cat Comes Back? The bounce I’ve been expecting the latter part of this past week hasn’t yet materialized, but it’s sitting in the wings, and we may see a resolution as early as Sunday or Monday. We’ve now completed our first zigzag (a 5-3-5 pattern) down after completing the C wave of a predicted… Read more
Edge of a Ledge The large drop I’ve been expecting hasn’t yet materialized, but it’s sitting in the wings, and we may see a resolution as early as Monday. This is a minor turn for the US indices — the more important turn will be at the bottom of this unfolding C wave — the… Read more
All Aboard! Take the last train to Clarksville And I’ll meet you at the station You can be here by four thirty Cause I made your reservation Don’t be slow Oh, no, no, no … The Monkees were a phenomenon in the late 1960s with their sanitized pop music. “Last Train to Clarksville” was one… Read more
Fourth Waves and Combinations I’m not a big fan of fourth waves. In fact, I intensely dislike them. There are a number of reasons for this: Relative to the trajectory of other waves, fourth waves go sideways for an extended period of time Because they’re the last wave before a trend reversal, there is reduced… Read more
Big Momma: The New York Stock Exchange I’ve mentioned before that whenever I have a question as to what’s going on with any of the US indices, I pay a visit to the chart of the NYSE, which always gives me the real story, without the animal spirits of traders. This time is no exception. In… Read more
We’re Weeks from the Top The balance of the C wave that we’re expecting some time this week will finish off the large fourth wave in ES/SPX that has slowly been tracing out its subwaves since January 29, 2018. This fourth wave is so large, it eclipses any of the earlier waves in terms of… 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
