iamthewolf

iamthewolf

Earlier charts followed a path used for comparison against 14 previous large scale market declines over the last 100 years. Progress updates were published using a monthly series of charts and if you've followed along since July 2020 you've witnessed a steady path forward. The most recent 15th event was compared to 14 previous historic market declines of similar...

iamthewolf

This series has followed a path since May 2020 using weekly data and Price Percent Oscillator (PPO). A PPO event trigger has been used for comparison against 14 previous large scale market declines over the last 100 years. Progress updates have been published using a monthly series of charts at TradingView. If you've followed along since July 2020 you've...

iamthewolf

This series has followed a path since May 2020 using weekly data and Price Percent Oscillator (PPO). A PPO event trigger has been used for comparison against 14 previous large scale market declines over the last 100 years. Progress updates have been published using a monthly series of charts at TradingView. If you've followed along since July 2020 you've...

iamthewolf

This series has followed a path since May 2020 using weekly data and Price Percent Oscillator ( PPO ). A PPO event trigger has been used for comparison against 14 previous large scale market declines over the last 100 years. Progress updates have been published using a monthly series of charts at TradingView. If you've followed along since July 2020 you've...

iamthewolf

This series has followed a path since May 2020 using weekly data and Price Percent Oscillator ( PPO ). A PPO event trigger has been used for comparison against 14 previous large scale market declines over the last 100 years. Progress updates have been published using a monthly series of charts at TradingView. We are entering week 42 of 52 since PPO trigger...

iamthewolf

This series has followed a path since May 2020 using weekly data and Price Percent Oscillator ( PPO ). A PPO event trigger has been used for comparison against 14 previous large scale market declines over the last 100 years. Progress updates have been published using a monthly series of charts published at TradingView. We are entering week 38 of 52 since PPO...

iamthewolf

This series has followed a path since May 2020 using weekly data and Price Percent Oscillator ( PPO ). A PPO event trigger has been used for comparison against 14 previous large scale market declines over the last 100 years. Progress updates have been published using a monthly series of charts. To start 2021, we are entering week 33 of 52 since PPO trigger...

iamthewolf

We approach year-end 2020 in the last 1/2 of a path followed since May 2020. At that point using weekly data and Price Percent Oscillator (PPO) an event triggered for comparison using previous large scale market declines over the last 100 years. A series of charts have been published monthly following progress since May. We are now entering week 29 of 52...

iamthewolf

Vote! If you haven't already. So, what to expect? Up?, Down? How about both? I'm expecting the latter and a period of volatility. With so much hope and expectation there is bound to be extreme emotions as everyone's preferred outcome can and will not be met. Add the potential for an ambiguous period to sort out any close outcome and the recipe for volatility...

iamthewolf

This month continues tracking today's market vs 14 historic declines of similar large magnitude occurring over the last 100 years. The current event is number 15. Starting at highlighted cross of MACD / PPO vs Signal line we compare today's recovery #15 to 14 previous events and their average behavior. The process uses weekly data. The current crossing event...

iamthewolf

This month continues tracking today's market vs 14 historic declines of similar magnitude occurring over the last 100 years. The current event became 15. Starting at highlighted cross of MACD / PPO vs signal line we compare today's recovery #15 to prior 14 events and their average. The process uses weekly data. The crossing event happened 5/18/2020. At present,...

iamthewolf

Knowing, after the fact, the March decline was extraordinary I began tracking an inevitable recovery. In anticipation I had identified 14 historic declines of similar magnitude over the last 100 years. The current event became 15. A key milestone of recovery is the eventual cross of MACD/PPO vs related signal line (e.g., fast vs slow Exponential Moving Averages)....

iamthewolf

Changing with times, "Monthly Outlook" is a new title, changed from "Elliott Wave..." since emphasis has been more on other technical indicators for awhile. Elliott Wave remains one, of many, indicators considered. Being in vogue, a re-imagined title also re-imagines the rally since 3/23/2020. What's not re-imagined are new indicators at the chart's bottom for...

iamthewolf

Devastating virus, rioting, and ominous headlines. Fear not. Tough year socially for us, no doubt. Economic anxiety, stay-home consequences, and unknowns remain. Fear not, as they will all pass. Meanwhile be smart and safe. This month's chart is simple. The new, emerging, wave upward is in full force. I expect it to continue, but of course not in a...

iamthewolf

The initial shock in February and March's low have been tempered by the market's rise in April. Spending less time below critical trendlines and resistance levels, as is currently the case, is constructive for a move higher. The clear corrective thrust lower continues to take shape with great uncertainty. As we enter May risks are evenly balanced near term and...

iamthewolf

Many questions remain about where the current market decline will resolve before prices move higher. A few former possibilities can be eliminated and new considerations added. Covid-19 and near-term economic response will impact timing while price estimates are formulated. In last month's chart I raised the possibility of breaching support at lower trend lines...

iamthewolf

The arrival of COVID-19 has introduced significant turmoil upon world markets. No question, the speed and depth of decline is a top 10 event in market history as informed by Advance/Decline levels as compared to previous periods in history. My review of similar events reflects their happening during both Bull and Bear markets. It also includes review to...

iamthewolf

This month's chart continues the path of Wave 5 as outlined in earlier monthly charts and repeated here. January's post shows expectations for the year and anticipated bumps along the way. We have now hit one of the 3-5% bumps mentioned in that post. Current wave 3 of lower degree within wave 5 is experiencing one of those minor declines itself. It is simply a...