We’re at an inflection point. However, in this market (as in just about all markets), turning points are “a process.” As I’ve been saying over and over, the financial world as we know it is moving as one entity. When a turn comes, everything is turning, and as with a large ocean liner, it takes… Read more
Market Forecast Overview
We’re on borrowed time. The Great Financial Revolution is underway and only months sit between us and a major financial collapse. One of the major cycles that I’ve talked about often is the 172 year cycle. This cycle is a “financial collapse cycle.” There are larger and smaller cycles. The larger ones are even more… Read more
Last week I wrote, “The turn is in.” That certainly seems to be the case. The Summer Solstice was on June 21. The Nasdaq topped on June 9. For my Trader’s Gold subscribers, I’d predicted a turn for ES/SPX on that day at 2446, which it hit (and I called the NQ top as it happened)… Read more
The turn is in. The Summer Solstice was on June 21 (Wednesday of this past week). The Nasdaq topped on June 9. For my Trader’s Gold subscribers, I’d predicted a turn for ES/SPX on that day at 2446, which it hit (and I called the NQ top as it happened). However, I also predicted one… Read more
Edward R. Dewey, who worked for US President Hoover in the 1930s was a pioneer in the discovery of natures cycles. They affect business, the markets, and so much more. In the Great Depression, President Herbert Hoover asked Edward Dewey, who at the time was the Chief Economic Analyst at the Department of Commerce, to… Read more
Contracting Triangles My focus this weekend is on contracting triangles, one of three types of Elliott wave corrective patterns (flats, zigzags, and triangles). This is timely because of the pattern in oil. We’ve been in a contracting triangle since early 2015. Contracting triangles are the most common type of triangle. When they’re in the fourth wave… Read more
The Elliott Wave Principle and Probability The Elliott Wave Principle is a theory based upon probability. A common definition of “probable” is “a reasonable amount of suspicion, supported by circumstances sufficiently strong to justify a prudent and cautious person’s belief that certain facts are true.” There’s a very good dose of science in it. The… Read more
The SP500—About Five Miles Out I’ve maintained for several years that this final wave up in the US indices is a corrective wave. It simply cannot be motive, as it breaks too many Elliott wave rules. But I see so many disregarding the obvious, which is the main issue I have with all the “pretenders”… Read more
All this talk about a Trump rally … absolutely ridiculous! Elliott waves predicted this rally a years and a half ago—even longer, in fact. So, what are the financial pundits talking about this time? The thought of every word that Donald Trump utters having any real effect of the market is just ludicrous. Knowing that the… Read more
Exactly, kitty! Let’s take a look under to hood … er, sofa in your case. This weekend, I want to look at the chart of ES (e-mini SP500 futures) and “pull apart” the idea that it’s a motive wave. To do that, we need to look “under the fabric.” The “Right Look” Ralph Elliott cautioned that… Read more
