All the Same Market Gradually over the past year or so (since I first mentioned it), the USD currency pairs, the US dollar, the US indices, bonds, and gold have become more and more closely aligned. With the potential top in place in oil, all assets with any relationship to the reserve currency are now… Read more
Market Forecast Overview
Extremes Are Rampant! I’m overly sensitive to the extremes in society, not just the extremes in climate. We’ve certainly seen climate extremes, not only in temperature but in fires, in floods, and in hurricanes. We also have lots of active volcanoes, but you don’t hear about them all that much (but then the media isn’t… Read more
The American Eclipse, Hurricane Harvey, and Hurricane Irma are marking the top of a major climate cycle. Extreme climatic events always mark a climatic, societal, and economic shift and predict a major depression and market crash. 2017 has been a banner year for aurora borealis light shows towards the North Pole. “As it is about… Read more
I’m a sailor – a captain who has a fair amount of experience with pleasure yachts up to about 50 feet, or so. I learned to sail back in about 1964 when I lived in Long Island, New York. My father built a Sunfish, which is a small one sail boat with a centreboard—absolutely perfect… Read more
Mother Nature Rules! All eyes are on Hurricane Harvey which continues to ravage Texas this week. Along with tornados, forest fires, and other extreme weather events, the US has undergone several years of Mother Nature tearing away at the standard of living of so many, coupled with huge insurance claims and additional substantial costs from… Read more
There was some attention paid in the free blog to the impending “crash” and the suggestion that it must be an EW third wave, due to it’s intensity, with the assumption that the market just keels over at some point and heads down immediately in a third wave, somehow skipping over the requirement for a… Read more
Eliminating the Improbable and Impossible The Elliott Wave Principle is a set of rules and guidelines for identifying recurring patterns in the market. The bulk of the work I do across ten specific assets on a daily basis involves deductive reasoning. There are thirteen simple patterns that repeat over and over again in the market… Read more
Wave Four Continues: A “Great Fall” is Not Far Off For weeks now, I’ve been expecting a large fourth wave as part of a motive five wave sequence, because that’s what you’d expect to get in a normal market. We would expect an end wave in 5 waves at the very top. However, the market… Read more
Four or Three? Last weekend here, I predicted that we had one more wave up to go before we hit the top of the third wave: “… the market made it very obvious we’re not quite done with this third wave. All boats have risen to a new high, but the market has signalled one… Read more
Historic High Hopes The historic levels of optimism this week brought to mind one of Prince’s best-known songs: “I was dreamin’ when I wrote this, so sue me if I go too fast But life is just a party and parties weren’t meant to last War is all around us, my mind says prepare to… Read more
