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
Market Forecast Overview
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
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
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
