RogueDave

Equities Topping? - Global DOW Index & Wilshire5000 - E-Waves

TVC:SPX   S&P 500 Index
This is not my work, just sharing for investors with exposure to Equities & Stock Market Exposure.
You can find the originals and others, including daily/intraday very short term "squiggle counts" here: https://danericselliottwaves.blogspot.co...

Wilshire 5000 Monthly Elliott Wave Chart: https://2.bp.blogspot.com/--0e5_lOUzuE/W...

Wilshire 5000 Daily Elliott Wave Chart: https://3.bp.blogspot.com/-Wj2BdwS06tA/W...

Global DOW Weekly Chart: https://1.bp.blogspot.com/-IV68kAV2P9s/W...
Comment: DanEric has added an update to his Wilshire5000 Weekly count.

https://4.bp.blogspot.com/-QPCTZO6zquo/W...
Comment: DanEric reports more questions than answers.

https://danericselliottwaves.blogspot.co...

"Our wave count is at an inflection point. Do we head down in a Minor wave 4 or are we actually peaking for all-time?

It was a strong up day so this is a variation of possible count. Are we actually seeing the final squiggles of a major market top? EWI suggested this possibility in their Wednesday night short term update with the DJIA count. I can apply the same to my Wilshire count more or less.

The other option is that this is still Minor 4 and that an immediate drop is coming."

Comments

Dave so you are asking me this question? Have no idea, I've been told by the market gurus that calling TOPS is a losers game! So I gave up eons ago , I remember the bears coming out in 2011 after the flash crash saying this is it, I went all in and the market rallied Big , to the tune that I lost thousands.
Reply
RogueDave TomPower
@TomPower, I wasn't asking you specifically, no. I was forwarding information, an opinion, from DanEric whom I have followed for years.

Is DanEric correct? Only time will tell. Please note, I did not say Short. The title even asks and frames the post as a question.

DanEric called the Gold top when the voices of Gold Bulls were calling for 2000+. The Gold Bears had been calling bubble, ancient historic relic at 1200, 1400, 1600, 1700, 1800. They were correct at 1900, but they were wrong all the way up.

The CNBC crowd and Bloomberg voices, who are mostly funded by the Wall Street vested interests will never say sell. I learned that back in 2001/2002. And again in 2007/2008.

If you want a Bullish Voice, read here: http://www.mauldineconomics.com/frontlinethoughts
All Things Bullish, by John Mauldin, August 26, 2017. He even includes an Elliott Wave count from the Goldman Sach's market technician Sheba Jafari, that was originally posted at Business Insider: GOLDMAN SACHS: This may not be the big correction that markets have been waiting for http://www.businessinsider.com/stock-market-technical-analysis-correction-goldman-2017-8

From a comprehensive view, economics, earnings & earnings growth, and valuations, I have great respect for John Hussman. Here's Hussman's most recent weekly perspective: August 21, 2017, Imaginary Growth Assumptions and the Steep Adjustment Ahead, John P. Hussman, Ph.D.
http://hussmanfunds.com/wmc/wmc170821.htm
Reply
TomPower RogueDave
@RogueDave, just saying I've got 6 gurus on twitter whos timing is sometimes right and sometimes wrong. just when I figure someone has the answers they disappoint me when I make a trade based on their recommendation. I can't seem to win at this game Dave. Maybe if I sat down and ran the stats I could see , just haven't got time as I've got a regular job that I make money the old fashioned way
Reply
RogueDave TomPower
@TomPower, Understood. No one ever has it right all the time. My personal simple timing model, based on a 12 month moving average of the monthly closing value of the S&P500 index hasn't flashed sell, aka: go flat, yet. But it lags. I built it to catch the major long term swings in market trend. It does outperform a buy and hold portfolio that averages up and averages down.
Reply
TomPower RogueDave
@RogueDave, then man color that chart up with that indicator. No naked charts allowed on tradingview. That would have served you just fine with this bull market.
Reply
RogueDave TomPower
@TomPower, This post isn't about my view. It is about DanEric's, which happens to be a trading view I respect.

If TradingView.com had the Wilshire5000 index, or the Global Dow, I would have used either.

"This is not my work, just sharing for investors with exposure to Equities & Stock Market Exposure.
You can find the originals and others, including daily/intraday very short term "squiggle counts" here: https://danericselliottwaves.blogspot.com/%22
Reply
TomPower RogueDave
@RogueDave, thanks to good old and we would have been 40 handles down by now on his short. Great call Dan!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out