Fear Lurks Beneath the Surface The good news is that the B wave in the SP500 is just about done. This fourth wave down late in the week foreshadows a big drop to come. The waves up in ES/SPX are corrective and showing rather dramatic signs of coming to an end. The wave structure of… Read more
Market Forecast Overview
The Clock is Ticking We’re a little closer to a top in the US indices — in time and wave structure, not in distance. That’s because, the SP500 closed on Friday at the exact same level we were at a month ago. In other words, we haven’t made much progress in a month. This is not… Read more
The Dip — A Game-Changer for Me “What really sets superstars apart from everyone else is the ability to escape dead ends quickly while staying focused and motivated when it really counts.” — Seth Godin “Winners quit fast, quit often, and quit without guilt—until they commit to beating the right Dip for the right reasons… Read more
The Parade Grows Larger and Larger The picture at left depicts a St. Patrick’s Day Parade in New York City. Somewhat appropriate to what I’m seeing in the markets. All the Same Market: I’ve been mentioning for months now that the entire market is moving as one entity, the “all the same market” scenario, a phrase that Robert Prechter coined… Read more
Irrational Euphoria is in its Dying Stages The herd is still irrationally euphoric about prospects for the future, mostly based upon propaganda of one type of another. There’s also the fact that as long as they’ve been alive, the “nanny state” has always provided for them, as we all live well beyond our means and… Read more
Like Herding Cats Major tops are difficult things to analyze. They’re open to volatility (they’re always low volume affairs) and there’s usually non-confirmation between indices. In other words, some indices can trace out different patterns than others. However, they all need to eventually top in their own ways. It’s a bit like herding cats, as… Read more
The “Man” that Affects Us Every Day This Sunday (August 26) marks another full Moon event. Below is an updated version of a chart of the SP500 since the beginning of the year showing every full Moon since that time and the effect on the stock market. Each one has resulted in the turn (to… Read more
Multiple Major Turns I’m dubbing the impending turn as “The Turn of the Century.” It’s not the top of the market, but there are turns happening at the same time in the US Dollar (and related currencies), the US indices, and gold and silver. It looks to me like they’re ALL going to change direction… Read more
The Unified Cycle Theory In 2014, I conducted an interview with Steve Puetz, the author of the Unified Cycle Theory (2009) which was a ground-breaking book, following in the footsteps of several years of work I’d completed on cycles. I had just finished researching the work of Dr. Raymond H. Wheeler and was searching for… Read more
