A short update. The Dow has completed a major top early this week as we stated in our weekend idea. From the 4th January to the 17th June's bear market low, the Dow has corrected exactly a Fibonacci sequence of 61.8%...this on top of all the converging data, points to a major top. See the small throwover on Monday's candle and reversal today. Confirmation will...
What appeared to be the end of the corrective rally, instead progressed higher last week and towards 34,000 for completion. Bears have endured a typical bear market rally that seeks to flush them out, more especially those who over leverage. The declining trend line will very likely be touched early this week, a critical area that will determine the top and turn...
In what seems eternity, the Dow grinds towards it's final conclusion before turning down with force. Bears have endured weeks of counter rally, a rally fed with the notion that rate rises will taper off. Friday's payrolls were just the tonic that the Fed needs to sustain the designed goal of destroying the markets and wealth. Back in 2015, we knew high or hyper...
Last week we had high confidence that the Dow would top around 32K and reverse. Our bear flag and retracement convergence looked a great setup. The Fed's 700 Billion spending bill again, ignited markets beyond our thinking...an ABC counter rally has the C wave at higher degree. Now 33K area is the target and may even throwover a little beyond our trendline. Over...
Last weeks rally ended with a down day as weakness crept in on Friday. The rally could very well be complete, an ABC move is complete and so enough price action suggests an imminent wave 3 down to commence this week. A bear flag has now developed just above 32K which has been our target for some time, the Fed will raise rates by another 75 points minimum this...
Retail sales climbing a measly 1% and was enough to ignite the Dow 2% on Friday. Did the market forget that prices are at least 9.1% higher officially and more like 20%...folks are buying up and front running price rises leading to increased sales. The jokers who pretend to manage our countries finances and affairs are culpable in this suicide of our economies....
The proverbial calm before the storm, no-mans land and an eerie quiet has been placed into markets. It is these times that often produce a surprise to jolt those asleep to what is really going on without their understanding or care. The Dow creeped higher this week on low volume again...typical bear bounce action. Looking like an ABC counter move since the 17th...
Our last idea called the mega rally last Friday as another fake out, again the selling immediately returned until Friday this week where we had a soft rally on low volume. Markets are trading heavy again, no real will to buy as stocks are distributed from strong hands to weak. So where from here?....a few scenarios can play out but they all lead to the same ugly...
The Dow finished powerfully last week as those most pessimistic covered their positions, forcing a larger move than was real, genuine buying. Many are now beginning to see the Fed's goofing and spoofing will reverse, but not before they demolish these markets into submission. This relief rally is little more than yet another sucker move to shake out the bears and...
Bears had another rewarding week as markets reacted to the Fed's decision. At least six months behind the inflation curve, the Fed decided to sacrifice the economy by raising rates and deflating markets for their goal of reducing demand by evaporating wealth. Supply must increase to reduce inflation - "Just transitory" said Yellen last year...here we are in the...
The Fed meets tomorrow with their latest goosing. Our suspicions are that they will not hike more than 50 points which will rally the market initially. Their view will be to continue hiking at 50 points which will be sufficient for reality to kick back in the bear. They are truly trapped...deliberately stalling raising rates to cause hyper inflation and then too...
Last week we talked about it being an interesting week coming..it did not disappoint the bears. A wave 3 of severity is upon us and the bulls are reacting. We added shorts on the break of the triangle on Thursday's close...a writing on the wall moment, clear as a bell. Friday's bogus inflation reading finally made it clear that we have a big problem. For years...
The Dow ended Friday down on weaker volume as the rally clearly tires. Perhaps one last puff of late buyers to finish off wave 2 up. Or we sell off from the open and kiss goodbye the corrective bounce and head into the abyss. Many of you are aware of world agendas and understand our current woes are not random but a controlled demolition of our economies and way...
The past seven days has seen a violent counter rally which has re-claimed almost 3000 points in the Dow. Our wave 3 of 3 down has been delayed in a now clearer wave 2 up form the low. There is not much gas left in this tank, perhaps a few hundred points....topping here or one more down move followed by the last gasps. These brutal up moves serve up the next...
This weeks corrective rally is again a similar theme of weak conviction to buy with no urgency to fear missing out. Lower highs and lows clearly define the down trend, trends always breakdown...this one will be south. Price action is overlapping, chop and lack of demand to propel the start of a real run upwards. Again today we are at a juncture of a formed trend...
Stocks continue their corrective bounce in wave 2 up of wave 3 down. Once this wave 2 completes, a brutal plunge will take hold to seal the fate of any hopes that the bear is finished. Wave 3's are the pressure release valves that propels buying or selling velocity in markets as participants have either a fear of losses or fear of missing out. In our bear market,...
Today may well see the start of a minor rally wave 2 up towards as high as 33,000...that does not have to occur of course...just selling the rally is the new game. We have started double degree wave 3 down with wave 1 down likely complete today. Once this probable wave 2 up terminates, we will see a savage wave of selling taking thousands of points off the Dow....
The Fed is going to deduct 45 BILLION from the economy the next three months and then increase this hemorrhage to 95 BILLION thereafter. Instead of increasing the supply or spending to stimulate the economy through increased goods and service..they are stoking the hyperinflation environment by constraining supply. They goosed both bulls and bears, this is how a...