I see so many comments out there on the internet that are focused on the near term outlook of one index or another, with projections into the stratosphere. Of course, a trader has to keep his or her eye on the bigger picture and trade in the direction of the trend. So, today, I’m going… Read more
Market Forecast Overview
Yesterday, Elliottwave International completely flipped their count and determined that everything is going to new highs and that we’re in a fifth wave up. They didn’t really have much of an explanation that I could hang onto as a good reason for doing this. They also said the indices have gone too far to be in… Read more
July 14 update: Here’s tonight’s late addition to this previous post. I would guess we’re coming down tomorrow. Below is the NYSE. We’ve been waiting for it to make the 62% retrace all the darn day. It actually has about $3.00 still to go as at this writing, so we’ll like do a very small… Read more
“The market will do the obvious thing in the most un-obvious way.” I learned that little “truism” a few years back and it certainly hasn’t disappointed. The last couple of days in a low volume market has been a bit of a challenge in terms of figuring out the next move. But sooner or later… Read more
Another “ridiculous count” (as someone dubbed an entry from last week). Well, in the last 4 days or so, these ridiculous counts have put me up over 35% (in the e-minis, which are the major indices futures). This is pure Elliott Wave with an underlying reliance of Edward R. Dewey’s original cycles data and planetary analysis… Read more
So far so good. Tonight, I’m going to give a brief summary of where we are in a couple of the main US indices. The NYSE above shows the ending diagonal to a fifth wave high, first wave down, second wave up, and the start of the third wave down. Third waves are motive waves… Read more
NOTE: I’ve been having some technical challenges getting these posts to go out to subscribers. Hopefully, that’s fixed now, although this one will end up going out later than it should have – Peter Well, here’s another “ridiculous count,” as someone on solarcycles.net called my previous entry … It might be ridiculous, but so far… Read more
The futures markets have been open for hours as I write this, confirming the count and direction for tonight, at least. I always chuckle at the articles that pop up suggesting that each little move in the market is predicated on an event. The wonder tonight is why we’re headed up in the shadows of… Read more
I think the signs are there that I’ve been doing this way too long, having been slammed earlier this week for being able to count waves and taking a stand when nobody else seems to be able to (in my small sphere of influence, at any rate) .. sigh. But, here we go again! Let… Read more
We’ve now completed the first wave down in all the US indices. I’ll post two of them here today. The short story is that we have to retrace 62% (the horizontal line at about 2110) before reversing down into a third wave. The third wave of the SP (above) completed an ending diagonal, which made… Read more
