DOW Futures E-Mini 2011-2019 Review

2011 is when gold imploded and when stock indices were ready to crank up again. Much of the DOW run has been choppy but this is what 5th waves do. When I post review chances are good I have changed a wave position or two.

In this case, I extended the 5th wave in Intermediate degree.  The end result will be the same as any potential type of a Cycle degree correction can still come.

By the looks of it, the DOW has broken the 27,000 price level and established a new record high. I think the DOW is struggling to maintain upward speed but it can keep us guessing as to “When” a reversal might come.

I cheated at our present top as I left one 5th wave uncapped, but only because I had no more room on the chart. Gold still seems to be in a correction but when stocks decline, and investors start running to a safe-haven asset then that is understandable. Solar Cycle 24 still has the power to disrupt this bullish phase, within the next couple of years.

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Mini DJIA Intraday Crash Update

The DJIA also crashed with gold so any rush to a safe-haven sure looks like it’s not working this morning.  The only question is how deep this can go during the month of July.  A bigger bearish phase should slice my support line and eventually the 26,460 price level as well.

The mainstream analysts called for DOW 27,000 after which it crashed.  Now the experts will give us all sorts of forecasts how deep this “Correction” is going to go. If we have a Cycle degree wave 3 top then this requires a Primary degree correction down to Minor degree.

3-degree levels above Cycle degree and 3-degree levels below Cycle degree have always been my goals.

I treat solar cycles like an emotional fundamental as the entire world seems like it’s in a climate emergency!  In reality, the markets don’t give a shit about climate change as we have had a bull market since early 2009! Has the climate changed in 10 years?

Until solar cycle 24 ends and solar cycle 25 starts I will remain bearish but try and catch any larger reversals when possible.

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DJIA, Heading For A Triple Top?

Trying to find a decent wave count has been a challenge, to say the least, and I don’t see it getting any better.  At 26,700 the DJIA is getting near some major resistance, and if the markets have more bullish moves in them, then they could break out to new record highs again.

In the post, I looked for a potential triangle with a very deep “E” wave which still looks like a zigzag to me.   Any zigzag has very good odds that it can get completely retraced, which our present rally is just short of doing.

Last month saw a corrective drop (3 waves) followed by another 3 wave set which can be a small expanded pattern, which doesn’t fit into an “E” wave at this time.

The Gold/DJIA ratio is as expensive as it ever has been, hitting a price brick wall of 20.48:1, from an extreme of 21:1, established in August 2018.

An extreme expensive Gold/DJIA ratio, a triple top, and an inverse wedge or megaphone keep me looking for a bearish move, not some new bullish leg still destined to go to the moon.

If this wave count, lasts all of April I will be surprised as this market sure seems it has no rudder to help stear it.

A 3 month bull market needs a healthy correction or it sure is due one as the March correction isn’t big enough to do it.

 

 

 

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DJIA Intraday Bullish Phase Update

For well over a month the  DJIA has been defying gravity. We had another peak yesterday at the 28,400 price level which is also the right shoulder of an H&S pattern. That’s just one indicator that the markets are approaching bull market resistance. Technically, this 4th wave rally can handle more, as diagonal 4th waves can dip into the previous wave 2.   Right now the DJIA is in the midst of a 3 wave move, but two more can develop, pushing to another record high! Gold has also soared during the same time period and this morning gold was close to $1310.

The Gold/DJIA ratio has not changed much as the DJIA is still very expensive at 18.76:1. That is better than the 21:1 ratio we did get and a far cry from the cheap readings of 7.19:1.  Maybe if we are lucky more government reports will come out this Friday, Feb,1, that will include some COT reports. Since Friday would be a new month other economic reports will also come out. All this could produce some very violent moves with the cold winter blast grounding flights. Grounding planes will affect their earnings as well, which could take some time before they report.

Once it gets colder in Chicago than the Arctic, then you know it’s fricken cold out.

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DJIA 1978-2019 Bull Market Review

Looking back in time always gives us a different perspective if we take the time to actually do it.  I’ve done this thousand’s of times, and each time looking for a better fit.  The common question is, “How deep or low can the DJIA fall down to”?  Since the 2000 peak we’ve had more forecasts of the DJIA crashing well below 1000 many times and yet this has never happened. In 2009 the markets sure dipped to a new low and well below the previous 4th wave of one lesser degree.  The DJIA stopped dead in 2009, but nowhere near any previous 4th wave during the 1990’s stock mania.

The reason this has not happened is that all other wave counts are calculated as 5th wave extensions. I will stress the fact that it’s, “Impossiable”  for the EWP to create 5th wave extensions lasting 2 or even 3 generations.

The 2018  peak is a Cycle degree peak which eventually has to be fully corrected before another huge bull market in stocks will start. The public will call it a bear market and the big question may be, “How deep can the DOW fall”?  We have three important turning points, with the 2016 low being just one price area that we can see again. At a bare minimum, the DJIA should slip below the 14,000 price level. Longer term, any price low below 2011 lows, will get us closer to a bear market that is finishing.

This will not happen overnight as it will take as long as solar cycle #25 has not started.

The DJIA has made an impressive short term run that, at a minimum should give us another correction soon or the end of this bullish phase.

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DJIA Bull Market Update

There is a good chance that this DJIA bullish phase is coming to an end. Investors are all waiting for some miracle to happen to give them the green light to jump on board this rally. All it takes is some more “bad news” and this market can switch by selling. Beside that many stop-loss sell orders are piled up below present levels even when we can’t see them. There aren’t too many traders that can handle a 2500+ point decline in the DJIA.

In the long run in order for this rally to be confirmed as just another bear rally, the DJIA has to decline well below the 21,700 price level. With this government shutdown, economic data is rather scarce just like with all the COT reports.  About the only truths we have are the charts and those that don’t know any technical analysis are at a distinct disadvantage.

This market rally is just a Minor degree rally and many analysts are very bullish. Getting fooled by a Minor degree bullish phase will be worse once we start a potential Primary degree bear market rally.

“A” wave bottoms in Primary degree are “buy” signals and they should last a bit longer than just a few weeks. I think it’s impossible to have double expanded tops like what all wave analysts are trying to tell us. Most are looking for 5 waves down in Primary degree which has never happened in over 18 years, and it’s not going to happen this time. The reason they have never materialized is that we are nowhere near any SC or GSC degree wave counts.

The Gold/DJIA ratio is at 19:1 this morning which isn’t that far of from a record expensive ratio of 21:1.  We have a long way to go before this market becomes dirt cheap again as a Cycle degree bear market will take more than a little dip to resolve.

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DJIA Rally Daily Chart Update

The DJIA is now well within 2018 spring lows which can work as resistance for a bear market rally.  Any retracement back below the 21,700 price level will confirm that this rally was just another start to a fake bull market or bear market rally. I will leave the top as is for now, until this 5 wave sequence gets confirmed. In the long run, a wave “A” in Primary degree is in our future where we can get a decent chance at a longer sustained bear market rally.  From a Cycle degree perspective, this so-called”correction” is far from finished, if the markets have a Cycle degree wave 3 top.

If we start from the 2009 bottom the following bull market was about as choppy as they come, which is very typical in 5th waves. 5th waves are fundamentally much weaker than 3rd waves are, but the majority of wave analysts think 5th waves can extend 80 years or more.  Nobody has a real clue what degree we are in but if analysts keep chasing 5 waves down in Primary degree we know that the majority think they are in GSC degree already! That logic does not wash with me, because not a single wave analysts have ever confirmed any Primary degree 5 wave sequence since the peaks in 2000.

Albert Einstein: The definition of insanity is doing the same thing over and over and expecting different results.

This is the best way to describe what has been happening with the majority of wave analysts for the last 18 years.

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DJIA Rally Update

Since December 26, 2018, the DJIA index started on a rally and has gone on a bit longer than what I expected.  We now have 2 lower lows which are the sign of a bear market in progress. A market plunge next week, followed by another bullish run, could already be wave 3-4 in Minor degree. Of course, we can blame it all on the Apple stock price crash.

Reporters and analysts will always find you a reason why the markets are crashing and if there are 100 analysts, you will find 100 different reasons as well. It’s worse if you are following other wave analysts with the DJIA. You can do an “Image” search, ” Elliott Wave DJIA”,  and you will find a different wave count each time.  Worse yet they will fill the chart with “W, X, Y” waves or leave 5th waves uncapped. Leaving any 5th wave uncapped anywhere clearly shows that the analysts have no clue what is supposed to cap any 5th wave.

At this time I’m going to explore the possibility that we could already be in Minor degree wave 4, which could extend any 5th wave we might still get.  We are still under a “Death Cross”  so my big bearish mood is still being played out. A little Minute degree move can fool the herd into jumping back into the markets as FOMO can produce powerful moves that might make little sense when they happen. Just because something looks “Cheap”  doesn’t mean a bull market is just around the corner.

The January Wave 3 peak in Cycle degree has arrived about 50 years later than what the majority of wave analysts are telling us, so when you change a small part of a cycle degree move, you are basically creating a “Time” jump or traveling in time on paper.  This is just a mild example of  EWP time travel as it gets worse the higher degree we think we are in.

The entire wave counting world is telling us that 5th waves can extend for generations, which is false and has never been confirmed. 5th waves are the weakest waves.

The 2009-2018 5th wave bull market was all produced by flooding the markets by dropping money from a helicopter.

I keep about 28 or so Gold ratios which are impossible for me to track in detail, but I have a good idea when something is cheap to the cash price of gold.  My old record of the Gold/DJIA expensive ratio was about 17.24:1. This record was broken in August 2018 with a new extreme reading of 21:1!

The cheap Gold/DJIA ratio is about 7.19:1 which means it only takes 7.19 Troy ounces to buy one unit of the DOW.  Today this ratio sits at 18.25:1 which is better, but still a far cry from being “Cheap”. The fluctuation of the gold price is irrelevant as the gold ratios are always present and are always being adjusted.

 

 

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DJIA: Another Mini Bull Trap ?

The majority of the world is convinced that the Sept/Oct 2018 peak was a bull market top. What they don’t realize is that expanded tops are more common than what even the wave counters see.  Expanded tops also have extreme forecasting qualities built right in.  For the last 3 months or so we had a bearish phase that still has not completed. This bullish rally soared extremely fast which is common in bear market rallies.  By the end of January 2019 this bearish phase will be 1 year old already.

What any expanded pattern tells us is if the DJIA eventually crashes to 7000, then we already know that this 2018 peak will get completely retraced.  The DJIA will never crash that deep without huge counter rallies slowing it down. Often turnings happen closer to the end of a month like the DJIA is doing now.

Some compare this decline to the 1987 crash which is 31 years old. We are nowhere near those 1987 times as the markets will always do something a bit different to confuse as many investors as it can. The Cycle degree wave 3-4 is still valid and a Primary degree bear market is what is required to complete any 4th wave bearish phase.

The entire universe of wave analysts believes that the markets are in a huge 5th wave extension. One from the 1932 bottom and another 4th wave bottom in 1974.  I’m being very direct or blunt about this, as 5th wave extensions, this long has never happened in 500 years of market history, least of all 86 years long which covers about 3-4 generations or seasons. The crowd of wave analysts has been looking for 5 waves down in Primary degree for over 18 years, and not a single set has ever developed or confirmed.

Short term another new low should happen after which another rally could surprise the investors again. Until all 5 waves down are completed I will remain bearish, but I will have no problem at looking for a Primary degree “B” wave rally in 2019.  “A” wave bottoms are buy signals but it is important what degree of an “A” wave we are talking about.

All the mini or micro mini wave counting  you see is useless work if we keep missing huge bull or bear markets.

 

 

 

 

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DJIA Index: Bears Are Still In Control!

I have looked over many other wave analysts work and I haven’t seen a single wave analyst that recognizes an expanded top. The majority will show you intricate wave counts and mostly done using candlestick settings. EWI has never used candlestick in any of their books and neither will I.  I will never post thousands of super-small or super-micro-mini wave counts as that is not Elliott Wave analysis. The crop of new wave analysts are showing you how much free time they have as they are trying to baffle us with bullshit. The Elliott Wave Principle (EWP) is basically a visual technical painting tool. They might paint you a beautiful picture but many times what they paint in their computers, they can never repeat it in freehand on a printout.

I have always done Elliott wave analysis in freehand and still do. Once 2018 finishes, I will only show the late September position as the most important wave to count from. I have Cycle degree specifications I follow and Minor degree wave positions are my most important waves. Minor degree is 3 degrees below Cycle degree. I also work 3 degree levels above Cycle degree, so I end up with a spread of 7 degree levels. Keeping the degree levels down stops us from time warping into the future. Being out by one degree can send us into the future by 30, 90 years or longer, so changing wave positions should be done “Like a Surgeon” not like some person flipping hamburgers. The more they flip numbers and letters around the more obvious it is that they don’t have a clue where they really are.

It is amazing how many wave analysts fall into the trap thinking that 5th waves can extend across multiple generations. 1932 to 2000 would cover about 3 generations (68 years).  At a minimum the markets should have crashed back to the previous 4th wave of one lesser degree, but the markets have missed this 3 times already. Yet they insist we are in a Grand Supercycle degree world.

It may take another few months into the spring of 2019, and as a rough count we can use about a month of time for each of the 3 remaining waves still to come.

 

 

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DJIA Index Update.

 

Sometimes the futures charts don’t offer any special insight. I like this index and it only moves during the day. It can take days to finish a small move and this DJIA ended on a down spike and now has roared back to life!

It may last this week but any correction in this market is far from over. The DJIA is not going to soar to the moon as it will take much more to correct the imbalances in the world. That imbalance is “Debt” and world governments are all leverage to a point they will never pay the debt off. It will be easier to default on any debt than pay it down.

The DJIA may have seen another wave 1 bottom but in Minute degree. The bearish trend is still alive and at 23,300 all support will fail. Of course, President Trump will be blamed and they are even talking impeachment proceedings.

If the markets are very expensive when we use the Gold/DJIA ratio, then I can’t be bullish for any fundamental reason.  My most expensive reading was 17.24:1, which was broken by a new record of 21:1 in early August of 2018. This morning this ratio was 19.85:1 which is better but its a far cry from being cheap. The commercials are still net long but not at any extreme, so I would also like to see those numbers reverse.

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DJIA Index Update

This is the DJIA index from Big Charts which shows some violent moves that have occurred in the last 2 months or so. Many of the asset classes I use also contain an expanded top. I look at some other analysts wave counts and they are oblivious to any potential expanded pattern.

If you see any wave count with any 5th wave not being capped then that wave analyst is “Clearly” telling you, ” I have no clue where we are”.  Even the expert wave analysts leave the 5th waves uncapped.

I’ll be pretty blunt in saying that in January of 2018 wave 3 in Cycle degree has completed and my expanded top pattern is still my best bet. We’re only in an Intermediate degree crash right now, but eventually, it will turn into a Primary degree crash.

I need 5 waves down in Minor degree which has a slim chance of finishing this year. The Gold/DJIA ratio today sits at 19.54, which means it takes over 19 Gold Troy ounces to buy just one unit of this DJIA index. This is only a marginal improvement in stock markets getting cheaper, but this ratio should change by the time the DJIA corrects from a Primary Degree “A” wave. 

All support will fail when the 23,400 price level gets breached and panic will ensue again.  So far, I have 2 sets of 1-2 wave counts completed and if I’m lucky I might see the third set. 3 sets of 1-2 waves will extend wave 3 very well, and the 5th wave can also do the same thing. First sets of 1-2 waves are always the shortest, if they are not then chances are good we have an “A” wave.



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Mini DJIA Intraday Rally Update

 

In the last 3-4 days, the DJIA has been in a rally which I still consider as being a bear market rally. There still may be some upside to go but this stock rally should run out of steam this week. Chances are also good that the general decline may have to get adjusted as a diagonal wave structure, but it’s not critical at this time.  Either way, I’m looking for 5 waves down in Minor degree which should finish at a Primary degree, “A” wave bottom.  From an Elliott Wave perspective, large degree “A” wave bottoms are, “Buy” signals.

The Gold/DJIA ratio was about 20:1 which my database shows as still being extremely expensive to gold. It requires 20 gold ounces to buy one unit of the DJIA which is a far cry away from the 7:1 ratio it was when the DJIA was cheap. That day will come again, but we may have a long way to go before the Gold/DJIA ratio becomes cheap. There are still too many stock bulls around when they scream, “Buy On The Dips”!  We will get our dip, but there will be many more dips if this is a Cycle degree bear market.

Investors run from low prices in stocks, as they did at every major bottom since the 2000 peak. In the real world, shoppers rush to lower prices but they love to do the opposite in the markets. That would be the same as only buying high priced gasoline at your local pumps.  When the markets start to point down again, then they are also selling when they are in a mini-panic situation. VTX is splitting up so the internal composition of the DJIA 30 will change. If it makes a major change to my wave counts remains to be seen, but most of the time I have noticed no change.

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DJIA Intraday Bear Market Update

After the stock bears stopped for their Turkey dinners, they seemed to have resumed their decline.  At this time my wave positions haven’t changed all that much but there will always be adjustments and fine-tuning along the way.  It may take far more downside before the majority start to clue into the size or scope of the impending bear market.

When the small minority start to see the bearish scenario all at the same time then a mini panic usually occurs. Black Friday shopping and Black Friday stock market panics are not the same things!  🙂

I will keep this update fairly short, but most of the indices I cover have similar wave counts.  Trillions of US dollars has evaporated (lost) in a puff of E-Smoke already,  and I’m sure deeper losses are still to come this year.  Money destruction is hardly ever associated with “deflation” but that is exactly what is happening.  This is now the third episode of money destruction since the 2000 peaks. It’s far from over as the 2016 lows might give the markets some temporary support.

Any market rally that does not act like it’s in a real bull market, will just be another bearish rally. “All” bear market rallies retrace themselves eventually, and the size of these bear market rallies depends on the degree level we think we are in.  Sorry, but any Cycle degree bear market is not going to end in just a few months, or even in a few years, as this could take until 2022 to play out!

 

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Intraday E-Mini DJIA Rally Update

 

I think this market rally is just another bear rally, and it could be coming to an end this week. We had 3 moves that overlapped each other which are signs that the market is also going against the larger trend.  We are going to run into many of these types of rallies, but we may not be at my anticipated wave 2 in Minor degree at this time. Yes, we did get a great spike to the downside, which can happen at any major bottom, but they also show up, when we only have a correction.

Today the DJIA made a vertical move to the upside, so that is looking good for a reversal as vertical moves like this cannot be maintained for very long.  Hopefully, we will see more downside by the end of this week, and a new record low will certainly confirm it.  Any support we presently do have is just a temporary rest stop.

You can bet that there are large amounts of stop-loss “Sell Orders” below present prices which can get triggered,  like what happened between the 9th and 10th of October. If any dips get too large, certain safeguards can kick in so don’t expect a 1929 stock market crash to happen all in one day.

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Markets Take a beating: DJIA Intraday Record High Update

 

This record peak that the media has beat to death for months, has finally reversed. Just a “correction”? Sure, a Cycle degree correction that could see the DJIA crash down to 7100! Is that the type of a correction you were looking for?  What this peak contains is an expanded top which would be the lead-in to an “A” wave bottom in Primary degree. After that bottom gets confirmed, then the rest of the pattern will just look like a giant zigzag. 5 waves down in Minor degree is what I will be looking for, which would finish the “C” wave crash that has started. Moves like this can extend beyond reason or beyond what anyone expects at this time.  I target 3-degree levels higher than Cycle degree and 3-degree levels below Cycle degree, and until Cycle degree wave 5 is completed, the largest corrective degree I can have is Primary degree.  Many other asset classes have already hit a Cycle degree wave 4 bottom, but the markets are still 3-4 years from doing that. 2022 would be the target date.  You will get a few guys that will constantly fill you in why the markets are heading down, but they can use the same excuse or reason when the markets go up.

Still,  we need to give it all a bit more time and distance to make sure the markets mean business this time.

 

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DJIA Index Daily Chart Update:

This is just the DJIA index which still has not made any new record highs since the late January peak. Since about Marc/April 2018 the DJIA has created a real choppy rally which indicates that the DJIA is struggling against the larger trend which is still down.  It will take very little downside to push the 50-day MA into the 200-day MA and next thing you know the Death Cross has formed. A Death Cross indicates a long term decline, with the Death Cross still to happen on the weekly and monthly charts.

Gold is also crashing, so it’s just a matter of time before the markets join gold with it’s price crash.  Since this pattern could be part of a zigzag crash the DJIA could end up at the major “A” wave bottom in Primary degree together with gold.   After the “A” wave has bottomed, then any flat scenerio will act just like any zigzag. Gold and the DJIA “B” wave rally could sync up together, and both crash down to the 2021 Cycle degree wave IV bottom. Even after gold and the DJIA crash together, they could also rise together for another 8 or more year bull market. Gold investors will not figure this out when it happens, but the short story is, “Deflation” is coming and no amount of electronic money printing will stop it. It’s the world wide fertility crash that will case the deflation as the entire boomer genertion will be dying off by 2050.

The boomer generation will be permanent sellers of real estate (static asset) . The rich own 80% of all the wealth and most of that are static investemnts. Those hanging on to investment homes, expecting 5% or 10% a month rise to continue, are being very gready as they do not do the hard work to earn this rise.

No trend lasts forever as inflated home prices helps no one .

All this time the US dollar will be soaring as that represents deflation. Our Fed banks are fighting an old inflationary war when they raise the rates. According to the Warren Buffet indicator, the markets are twice as expensive as the time during the 2000. bubble top. Eventually, we could see the DJIA crash down to the 7000, (SP500 at 750) price level, before any real bottom will present its self to the majority.

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DJIA Intraday Gyrations Update!

The DJIA keeps heading south, which the Global DOW is also confirming.  It’s sad to say, but stock investors have no clue in what is going to hit them, as trade wars may be the least of their worries. The majority of it is all about the currencies inverse to the US dollar that are imploding!  This means deflation is in our future not inflation.  Stocks and gold “deflated” in the 2008 crash, so to think that it can’t happen again is very short term thinking.  We are going into a huge bear market that still may last three years before a brand new bullish phase can even start.  March is always a good time for major tops and October and November are always good months for bottoms.

It will be futile to think some new bullish super phase is coming. That dream is fading fast and you will see analysts scrambling to come up with all the bearish reasons why the markets are heading down. In bear markets a 70-80% decline is not unusual from an EWP perspective. The majority will think this is a crazy notion, but its very normal from a Cycle degree perspective.

I expect this bearish trend to continue, with a few surprises thrown in to keep us from falling asleep at the switch. Any market action is “always right”. It is our subjective opinions at the extremes that’s always wrong. Cash is “King” when world investments meltdown. $100 trillion could disappear in electronic smoke, which means “money” destruction will happen. $100 trillion is about 1/3 of total world US dollar asset values.

I wish for a Great July 4th in the USA, as I will take a bit of downtime this week as well.

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DJIA Daily Chart Update: Are The Bears Back In Control?

This DJIA chart has not produced any new record highs in well over 4 months and it even has a lower wave 2 then the SP500 has. I treat this low as a running zigzag as they do happen. I stay away from calling anything “truncated” but a low wave 2 means that the market is more bearish than the majority think. The big clue that the last few months is a bearish rally, is the very fact that the rally produced an extremely choppy pattern. This tells me the rally is going against a larger trend, which would be down.

The Cycle degree wave 3 peak is still holding and hopefully it will not be knocked off, as I want my Cycle degree sequences to last for the rest of stock market history.  Eventually, we will get a major stock market bottom that will be another fantastic buying opportunity. Of course the majority will never get it, as they will be ill prepared in what to do when it does hit a major low again.  Wave 3 can produce declines that will stun the majority like dear caught in the headlights. In this case its more like the “bulls” are caught in the headlights as the bears return to shred this bull market psychology once more.

Recently one of my DJIA posts has been published in Market Forum and this is the link to it. This is all very good exposure and I thank the author for posting it.

When this market goes down, many other asset classes will also get dragged down,  just like what happen in 2008. Needless to say I’m bearish until such a time a counter rally is going to be big enough, to force players to reverse their positions.  I’m sure that in the future we will get price forecasts claiming that the DJIA  is going to 5000, 3000 or even 1000.

When all the analysts are in concensus, then this is when the markets will turn and go in the opposite direction. When the DJIA 5000 price forecasts are broadcast far and wide, then it’s a pretty safe bet to call for DJIA to hit 45,000. Mind you it may take until 2029 to play out.

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DJIA 1977-2018 Review

Chances are very good that you could search the entire Internet for a wave count that dosen’t have a bunch of indicators on it. Wave analysts use smoke and mirror to baffle us with bullshit.  The problem with modern high degree wave counting is that they miss too many bull markets.  The main reason that the majority of wave counting experts are in SC or GSC degree is because they do not look for wave extensions. If we go back to 1977 I show three sets of wave 2 bottoms each one, being one degree lower in sequence. This produced a massive extension until the 2000 peak.

I was still a GSC degree wave counter in 2000 which forced me to flip numbers and letters around like I flip hamburgers on a grill. Every time we lay down a number or letter we are also moving forwards or backwards in time.  Imagine how much time difference there is between an Intermediate degree wave 3 in 2000 and a GSC degree wave 3 for the same peak. With a difference of 4 degree levels we could be early by 100 years or more.

They are calling the 2009 bear market the,”Great Recession”, This is milder sounding than the “Great Depression”. Depressions happen in large degree wave 2 crashes, but most of them happened in times where there were no safety nets. Today the government can just auto deposit funds to the poor and negate or buffer any depression. When we look at the DOW at the 1932 low, you would never know that a depression existed at all. Markets crashed into the 1932 bottom after which the stock market produced a 5 year bull market.  At that time it was the Smoot-Hawley Tariff Act of March, 13, 1930 that killed the markets. Does this sound familiar with the trade wars going on in 2018? We might get the “Great Recession 2.0” but we should not get a depression, at the next Cycle degree wave 4 bottom. By the time they do call it a “Depression” it will be over, and Cycle degree wave 5 will be underway. This is when 5 waves up in Primary degree will be very important to understand, and what that 5 wave sequence will terminate at.

We are still years away from any major corrective bottom as solar cycle #24 has to end first. Many of market crashes have happened just a year or so before the next solar cycle started, so this could take us until 2021 to realize.

Every bull market comes to an end so if they think markets can stay  in a permanent high they we are making a big mistake. Investors just love to buy high, as they sure hate stocks when they are at major lows. This will never change as human emotions take over and all logic reasoning is thrown out the window.

The Gold/Dow ratio is at 19.5:1 with 17:1 already being expensive.  In May 2018 this ratio was 18.63:1 so the DOW got a bit more expensive since then.

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Mini DJIA Intraday Gyrations Review

Next month we will be starting out the 4th month of this so called correction.  Many are still calling to buy on the dips because this market is going to the moon. Oh Really? We’ve heard all that before.   All those that have the “Buy on The Dip” mentality have no clue how big the “Big Dip” will actually be.

The bulls are all looking for a support price which also tells me that they have little understanding about how big the dip will be. There is only one dip I want to see and that is the “dip” that starts a new bull market.  Another 8 year bull market to be exact.  The way this bear market has started, still leaves too many wave patterns unanswered.   Sure, we also have a declining trend line, but the test will be if that top down trend line will hold. We may need all of May before we find out, because so far the market is doing a good job in fooling most of the wave analysts.

Elliott Wave analysts travel in herds just like any real world animals do. Three main groups come to mind. The Supercycle degree herd and then the Grand Supercycle degree herd. Of course  the most popular wave counting group is the GSC degree group, which are very easy to identify. Both groups do leave many of their 5th waves “Uncapped”. Any uncapped 5th wave sends a clear signal to the readers that they have no clue where they really are with no concept of Wave 1-2, 1-2, base counting.  Every, 5th wave we will ever run into, in the future must be capped, by “one” higher degree. Otherwise the wave count is incomplete and the Elliott Wave sequence is broken. In my Cycle degree world you can’t leave a single 5th wave uncapped, ever!

I plan on posting a page that will explain the 1- 2 wave, base counting. I have gone back to 1500 CE,  (Little Ice Age) and have labelled 7 “sets” of 1-2 wave bottoms already. 1500 CE is my base for the Submillennium Degree wave 2 position.

In the short term this market could keep going sideways, and the next thing you know, we will be at a “B” wave top in Intermediate degree!  If that happened then, the “B” wave top paints a picture of the rest of the bear market.  We are at a critical point as all support must crumble, if the bigger bearish trend is already in effect!

There are still too many options at this stage of the game, but I have confidence that it can get it sorted out, as the starting waves to many bear markets, can always be very fuzzy.

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DJIA Index Update

This is the DJIA index, which does not move during the night sessions, but only moves during the day. Todays decline does not match the Mini DJIA, but it sure is forming waves that are  better to count out.  The commercial traders are net short the DJIA but not to anything I would consider extreme.  If commercials are net short the DJIA then this does not give us confidence in thinking that some super bull market is about to take off!

Ultimately, this February rally should get completely retraced, then we may have more analysts turn bearish.  Sure, we may not hear about the fundamentals that are causing this decline, but I’m sure the media will find the reasons and then they will all sound like parrots  regurgitating the fundamentals why this market has trashed.  Any, 10%, 20%, 30%, 40%, 50% or even a 60% correction may not complete a Cycle degree correction.  Price is sure not going to help, as we would need to see a very big corrective wave structure completing first. In my world, pattern dominates price any day of the year.

Death Cross

With this particular chart and settings, the “Death Cross” happened at the 25,500 price level, which is far too late to do much with it. I looked for other potential “Death Crosses” in other indices, but was hard pressed to find any that would show up reliably.  Any “Golden Cross” is very bullish but it too happens on the late side.

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DJIA Weekly Chart Melt-Up

The stories are rampant that experts agree about a potential stampeded into stocks, which some are calling for a 20% meltup! Hate to bring you the bad news, but the meltup has “already happened”. For the last two years, since my 4th wave bottom we’ve had a consistent meltup unparalleled in financial history. This is nothing really new as the herd of analysts always seemed to be late in recognizing major turnings as well. In this case it took them a full two years before they saw it as a meltup situation.

One day 2-3 years in the future, we could see the entire situation reverse when the market has already completed a meltdown. Our present market meltdown, is already 5 days old, but the entire 5th wave meltup will get retraced as the 5th wave meltup turns into a Cycle degree 4th wave meltdown. I’m sure that towards the end, we will see vertical moves to the downside which helps to confirm a “C” wave crash.

I drew out another Cycle degree flat and counted how may 5 wave sets and 3 wave sets I need in order to qualify a flat correction. My smallest degree level I will use is in Minor degree, and I would need 6 sets of 5 waves in Minor degree, with 5 sets of “A, B, Cs” in Minor degree. We only need one set of 5 waves in Intermediate degree, which will play out before the Cycle degree crash comes to an end.

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Record ETF Demand In Januaray From A DJIA perspective

Record ETF Demand In January | ETF.com

It just amazes me how the herd keeps jumping into markets at record highs.  They have done this at every record high since 2000 so it does not surprise me that they are doing it again. Due to the fact that since the 2009 bottom we had a “Big and Tall” bull market, many wave analysts have increased their wave degree accordingly. One analyst has the 2009 bottom as a SC degree wave 2 bottom.

Other popular wave analysts still have the potential for a wave 3-4 in Primary degree. Sorry folks, but 5th waves are always fundamental the weakest in the links, and they never last multiple generations. The majority of wave analysts are  still pushing, an 89 year old 5th wave extension.  From the last 2016 4th wave bottom this market shot straight up, with hardly any clear subdivisions. Vertical moves like this is a sign of an ending wave pattern,  not the start of something better to come.

Everything tells me we could be in a wave 3 in Cycle degree and that we are going to get a Cycle degree correction, with 3 waves in Primary degree. I’m going to keep my updates brief,  as I fight through this flue.

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DOW 30 1984-2018 Review

Since early 2016 we had a massive move to the upside where we can hardly make out any wave corrections. This is a classic 5th wave extension, which we’ve had before. From late 1987 to 2000 was nearly a 13 year Minor degree 5th wave extension which makes our present two year run look kind of mundane.

What is dramatically different between the two sets of 5th wave extensions is our present 5th wave in Intermediate degree is in a near vertical position which I have never counted out before even when we go back 200 years or so.  The difference in angles is dramatic, but wave analysts are ignoring this fact as many of them keep adding higher and higher degree levels.

From my 4th wave Intermediate degree bottom, we would still have 7 smaller degree levels that can come out of  hiding. After the wave 4 bottom in Minor degree, (2017) we still would have 6 hidden degree levels, that could come out. I had  to use the remaining 6 hidden degree levels, and during the last degree, we run out of visible 4th waves.

Elliott wave is much more than making simple mindless trade setups, as it is our perception what the Idealized pattern looks like that is the problem. Those pretty impulse waves they show us in the EWP don’t exist. You can search for them all your life and you will not find them. Why? Because all waves are never even.  Until we go back to 1929 and start a fresh wave count will we ever fix this problem of missing bull markets or even bear markets using the EWP.

Missing a bull market should never happen, and frankly the contrarians do a much better job of reading tops and bottoms. The short version is, when our wave counts, are still bearish after reports of insider buying are all over the news, (like 2008), then our wave counts will get trashed. This happened at ever major bottom of 2002 and 2008 leaving the wave counter with nothing but token positions, if that.

In the next few years, chances are good we could hear about DOW 5000, 3000 or even 1000, but don’t believe that as solar cycle #25 will certainly destroy those price forecasts.

I gave up on all high degree wave counting when I saw EWI still being bearish on gold when gold was at $1000.

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DJIA Monster 5th Wave Extension And Impending Bear Market.

 One of the main reasons I always review the big picture, is to check if the wave counts still fit in the big sequence I think I’m working in. From the 2009 bottom to our present top we have what I call “One move”, but it is subdivided into 5 waves in Intermediate degree.  The 2000 peak also ended with a wave 3 in Intermediate degree, but it was the 5th wave in Minor degree that extended at that time. 2002 ended with a wave 4 in Intermediate degree just like a 4th wave in Intermediate degree ended in early 2016.

Folks, it’s the last 5th wave that has dramatically extended, and to be honest, I have never counted or seen such a 5th wave extension anywhere in stock market history. It is a near vertical move that even the 5th wave from 1921-1929 couldn’t match. Due to the fact that our present 5th wave is vertical on weekly and monthly charts means that this rally cannot continue.

Investors are pouring record amounts of money into stocks

The bulls are enticing many to invest at record highs, and some of the recent money flows suggests huge inflows. Buying high and then selling low in a crash is what the general public loves to do, as investors have done this on every major peak since 2000. They call them investors, but investors should not be confused with “Smart Money”.

It’s all emotional money as investors chase a bull market. As long as it keeps going up, everybody is happy, but as soon as these buyers start to take a rest, this market could start on the “Big Dip”.  Besides the potential for a Cycle degree decline that can fall below 2011 lows, this present 5th wave will get completely retraced.  It’s all about smoke and mirrors as the consensus paints us a rosy picture of the future.

Every major peak in history, the talking heads painted us a rosy picture, but what followed had no rosy ending. In late 2008 investors were fleeing the stock market in record numbers, yet the market did the exact opposite thing as the biggest bull market since the depression unfolded. The bull market in 2009 unfolded with a very “big” push from the sun, as solar cycle #24 started.

No little 20% correction will do it, as it might be a 70% correction instead, depending where we count from and if we use a gross or net calculation.

In the bigger scope of things this is not going to end well, as the markets will put those emotional investors through a meat grinder.  Slice, Dice, Hack and Slash will chop all the stock bulls up and get them ready for the fridge.

There is no chance in hell that I will turn into a super stock bull, just because it hasn’t started its bear market yet. If the DOW reaches 7000 or so and the talking heads tell us the DOW is falling to 5000 or even 1000, then I will make a call for the DJIA to roar to 34,000 + by 2029.

From 2009 to present,  we’ve had a 400% run in the DJIA  chart,  so I’m pretty sure the DJIA could make a 500% run up into the  2029 time period.

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Solar Cycle #24 And DJIA 1975-2018 Elliott Wave Review

The sunspot number has now been updated to the December end of 2017. The majority couldn’t care less about any influences our sun has on the stock markets back here on earth. Many have researched this connection, as I have done for the last 20 years. Each black dot is a month end calculation of sunspot activity.

We had two major peaks in sunspot activity, one correlated well with the 2011 gold peak and the January 2014 peak coincided before my wave 3  in Intermediate degree ended.  The 2002-2008 sunspot count starting to decline, but the markets loved it at least until 2007.

It may still take a full 3 years until sc#24 ends, and when sc#25 starts from this 2021 time frame, then the markets should follow suite.  Many times the markets experience great upheaval just a year or so before the solar cycle hits a bottom. With the Fed change coming this February, there is usually some upheaval in the markets as well, especially if the markets have already crossed over to the bearish side.  In the end sc#24 produced the biggest bull market since the depression, lasting well over 8 years now.

In the next 2-3 years the stock bears can do a lot of damage, but once 2021 rolls around and the sunspot polarity has started to flip, then we had better look for a brand new bull market to start. If you think investors are any smarter today than what they were with the 2000 or 2007 peaks, then you are sadly mistaken. The average majority will never learn that the “majority” can’t win at this game of accumulating wealth.

The sad part about the solar cycles is that even the wave analysts ignore them, as in March of 2009 they still had very bearish wave counts still to be completed.  Yet the markets turned up in 2009 and never looked back as the bearish wave counting herd were caught in a bear trap. When we are caught in any type of a trap we are ill prepared for what comes next. The markets were already showing signs of an impending reversal in late 2008.

 

I just love to show readers the linear version of the DOW as the bullish phase from the 2016 bottom to our present top is one of the most vertical moves I have ever  tried to count. I show 2 sets of 5 wave sequences in Intermediate degree, with no other degree levels labeled. I use no other indicators or prices, and I spew out little or no fundamental reasoning when markets go up or down. Markets will always act in such a fashion to never let the majority win. Sure, during any bull market it is perceived that the majority are winning, but that is only wealth on paper. During a big bear market, all this paper wealth starts to disappear and years of bullish progress go up in smoke.

The first set of 5 waves in Intermediate degree,  are much bigger physical moves. The 2015-2016 bearish phase contained a much smaller intermediate degree 4th wave. There is nothing wrong with that as there is a one degree difference between the two 5 wave sets. There are 2 sets of wave 3 positions not labeled which is deliberate, so it will force any wave analysts to scratch this time, wondering what is supposed to be between the 2 sets of 5 waves.

This market has soared since the 2016 bottom, but it also shows next to no corrections from a monthly chart perspective.  This is a bad omen in the bigger scope of things, as the markets do correct back down to the previous 4th wave of one lesser degree.  The DOW 15,000 price level is a previous 4th wave alright, but it’s the previous 4th wave of a Primary degree that a Cycle degree has to correct down to.

In 2009 the markets went a bit lower than the previous 4th wave of one lesser degree, which has no real meaning or future implications at this time. Many 4th waves travel below previous 4th waves of one lesser degree. Besides the markets have a tendency to fool the majority of participants and so to piss off all the mega bears, the markets will “not”  go below the 2009 lows again.  They could  turn earlier than expected, and start to soar. You can thank solar cycle #25 for the next big bull market, as those investors that follow or believe in the “grand” or “super” theory will be left empty handed again.

I see this as a massive missed opportunity, which makes the Elliott Wave Principle very inefficient,  if we keep on missing major bull markets. As long as wave analysts are happy painting mindless numbers and letters on the charts, then they will never enjoy catching a 5 or 8 year bull moves when they do come.

Every failed wave count must be followed by a serious look at the “entire” wave structure. A minimum of two higher degree levels than the failed wave degree must be initiated instantly.  In 2009 Primary degree wave 1 failed so the “ENTIRE” 5 wave sequence in Supercycle degree must be counted again. Modern wave analysts have refused to do this as it’s just too much like work. If you spend your time looking at many other wave counts, virtually every wave position today is still spewing out SC and GSC degree wave counts.

For the last 5 years I have shifted to Cycle degree wave analysis. Until all 5 waves in Cycle degree are found and confirmed, “NO” SC or GSC degree wave counts can find a base.

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DJIA 2000-2017 Elliott Wave Bull Bear Market Reviews


The chart above is a stretched weekly chart which shows any vertical moves in a more dramatic fashion. The Elliott Wave Principle was observed using the DJIA charts and coincidentally the DJIA and the other indices all have similar patterns and wave counts. Always reviewing the largest degree levels is very important, as we have to make sure that it still fits into the larger picture that we think we are in. The reason why all these 3-4 sets of waves appear, is because we always have to look for wave 3 to be the longest or extended wave. Since 1932 any wave 3 has never been extended, but it’s always been the 5th wave that the experts extended. 5th wave extensions “never” travel across multiple generations as 5th waves are fundamentally very weak.

When the majority of expert wave analysts didn’t see the bull markets coming both times in 2002 and 2009, I knew this SC and GSC degree hype had “MAJOR” flaws in it.  As soon as any part of the largest degree level has failed, then the entire 5 wave sequence from its start, “MUST” be thrown out. Of course, this is too much like work, so the majority of wave analysts just makes a few cosmetic changes, and “bingo”, they end up with a new and improved,  wave pattern. Cosmetic wave counting doesn’t work, and if we just keep making pretty changes, we will miss every major bull market that will ever come in our future.

Just by not being prepared before any high degree bull market starts, makes the Elliott Wave Principle very inefficient and pretty useless. I was brainwashed with this GSC degree mania myself, and once I realized that the DJIA would not implode in 2011, I knew a major flaw was still present in all our wave counts. It’s pretty sad when expert wave analysts miss a bull market and leave 300% gains on the table.

Any person with a very healthy investing account can not afford to miss any bull market in their lives. It takes time to make the mental switch from a long bearish phase and then back to an impending long bullish phase. It takes time to accumulate strong ETF positions so we need lots of early warnings. Even Warren Buffet screamed how bullish he was back in 2008, and my favorite contrarian was turning very bullish as well. It wasn’t until March 2009 that any wave counts were ending, so wave analysts were close to 6 months out, in recognizing that a major bottom has arrived.

In late 2008 conventional conditions were already showing us that the 2008 financial crisis was coming to an end. Insiders buying their own shares back, is a clear sign that the bull market was coming to an end. Insiders don’t buy if the 2009 bottom was just a wave 1 in Primary degree. They already knew that the markets were  oversold on a massive scale, so it was a no-brainer for them to buy stocks. Even the VIX started peaking out in late 2008, which all helped to seal the coffin containing all the stock bears.

My top in 2000 was wave 3 in Intermediate degree with its start in 1982. Once the markets crashed in 2002, it was followed by a 5 year bull market that most wave analysts also missed. From this 1982 bottom it was exactly 20 years to the 2002 bottom, which is part of the 20 year cycle so prevalent in the markets.

Each peak progressively gets higher in degrees, but Supercycle wave 3 is still far away in time and price. SC degree wave 3, never mind GSC degree wave 3, may not end until the 2029 time period.  Not until “All” 5 waves in Cycle degree are found and confirmed, can we progress into any SC degree world.

The 2009-2017 bull market was a very choppy bull market, further confusing us into believing it was just another bearish rally. It wasn’t until the DJIA was past the 2007 peak did wave experts look for alternates.

Hindsight has to be turned into foresight, and I have been very specific with the wave counts that we need to confirm a Cycle degree bear market. This is so we can catch any major errors as soon as possible. When I’m wrong, I’ll be wrong in spectacular fashion.  Short term, wave counts are always foggy to say the least, but we want to get the biggest degree as close as we can, well before any real bottom is in.

When the markets are pointing up, and the majority are all guessing how far that this bull market still has to go, I have already painted the picture for when the markets point down again. Bull market tops are the breeding grounds for bear markets, and the reason this is so, is because there’s “nobody” left to get in.

The bullish preachers are preaching to the crowd that has been converted for months already. All we need is for the, “Greatest Fool” to  crawl out of his cave and he will be left holding the bag of falling asset prices.

Buy Low, Sell High  is a very important PDF to understand, which combined with the beautiful color PDF chart below, makes a powerful case for contrarian thinking.  ‎www.longwavegroup.com/market/charts/_pdf/Anatomy_of_A_BullandBear_Market_with_Money_Flow_0930.pdf

Like Rick Rule says, ” you’re either a contrarian, or you become a victim”.

If you have progressed, or lucky to have a strong net worth and you would like to enhance the contrarian point of view, then I strongly suggest that you subscribe to  Steven Jon Kaplans True Contrarian Newsletter.  

 

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DJIA 1929-2017 Linear Chart Cycle Degree Review

I love to show the DJIA in a linear chart as it shows the last year or so as a near vertical move. This move was what they called the Trump Bump and a few other names. The majority, though the bull market was over as the markets plunged in reaction to Donald Trump being elected as president. I was one of the few that didn’t fall for that and sure enough the stock market reversed its losses and proceeded to soar.

It soared higher with a constant barrage of new record highs being broken, and it still may not be finished as I post. 22,773 seems to be the present record high.

1929 to 1932 was a major bear market, producing a depression during that time. From some of the worst fundamentals in stock market history, the markets turned and charged up for many decades with many crashes and corrections along the way. Crashes, corrections and bear markets are going to continue to happen if my single idealized wave pattern is true. These bull market phases since the 2000 peak  are the results of extended wave 3s that have been happening since the 1932 bottom. If our wave count is wrong for 1929-1932 then all the cosmetic wave counting in the world will not find us a better fit.

Yes 5th waves extend, but 5th waves also tend to be the shortest waves most of the time.   Since the 1932 bottom I use no 4th waves in SC degree or 4th waves in Cycle degree in the 70s bear market. The EWP clearly says that wave 3s are never the shortest wave, yet the majority of all expert wave analysts in the world, are based on 5th wave extensions.  Extending 5th waves and never looking for the alternative wave 3 extensions will always force the wave counts into a much higher degree. The next thing we know is that 2000 becomes a SC or even GSC  wave 3. Any wave 4 in any degree has a very specific simple idealized wave structure, that must get confirmed.

Of course I followed along and used to count everything in GSC and then in SC degree, yet none of the waves required never materialized. When that fails, it’s not a failure of the EWP, but it is a failure of humans to think objectively and sequentially. Most people are biased in some shape or form and wave analysts are no different. It took me until 2013 before I dumped all SC and GCS degree thinking. I use an idealized wave structure to tell me what I’m supposed to be looking for, and try not to practice cosmetic wave counting.

Markets never make it that easy where the wave count is so clear. If they were, we would have many wave counting billionaires in the world today. Yet when you look at the contrarians today most of them will never be caught dead drawing out a bunch of numbers and letters.

I’m anticipating a Cycle degree stock market correction, which the majority will call a bear market by the time it shows itself. A big bear market is just a correction in an ongoing bigger bull market, which from my perspective, is the SC and GSC degree levels. Both degree levels are already in extended waves.

There are three main price hurdles that this impending wave 4 needs to retrace in the next 3-4 years. One of them is the complete retracement of the Trump Rally, and then as a bare minimum, the markets must dip well into the 2007 peaks in all indices, not just the DOW.

With the DJIA this would be well below the 14,000 price level. The last hurdle to cross would be a complete retracement of the stock mania that started in 2011. That would take us below the DJIA 10,000 price level. Once the Trump Rally is completely retraced, then we will be left with a single long spike to the upside for many years to come.

Our present tall skinny looking 5th wave is the opposite of the long skinny spike to the downside that ended in early 2009. From a bear spike in 2009 to a bull spike in 8 years or so, is a nice Fibonacci round number. Many markets move in Fibonacci years, but the underlining driving force of the markets is the solar cycle.

At this time, many experts are still expecting for stock prices to “melt-up” so to speak. This is very standard bullish talk at the peak of any bull market. At the extreme, wave positions cannot be in sympathy with the bullish herd, as the waves always act the opposite of popular opinion.  Investors love to buy high as they feel safe amongst millions of others doing the same thing.

In reality insiders have sold in May 2017, and in the long run retail investors will be left holding a portfolio of worthless paper, again.

What amazes me many times, is how short of a memory investors really have, as they have learned nothing in the last 17 years. It is mathematically impossible for the majority to win at this investing game, as they are always too early or too late when making a decision. Seasoned contrarians know this very well, and have perfected the art of buying low and selling high to the emotional investors.

As scary as it sounds, I watched more 1929 documentaries and there is not much difference as investors were extremely bullish in 1928 as well.

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September, 1, 2017 DJIA E-Mini Intraday Bullish Update

The DJIA has now gone further than anticipated but is still well below the August peak. The DJIA could be crazy enough to breakout to another new record high, but that could still be many days away from happening. If and when it does break out, then this pattern would fit into another diagonal 5th wave zigzag.

The VIX has also plunged as complacency returns to the stock markets. When complacency rules then, it is also a setup for another bear attack!  There will be no rest for the bulls when they constantly get attacked by the bearish crowd, but that still may not kill the bull market in the short term.

The only money left in the markets comes from the bullish herd that is chasing this bullish phase. As long as it keeps going up they will ride this bandwagon, and  fundamentals be dammed.

I read that they are changing the way they calculate the DJIA  this week, which will be interesting to see if we can notice it on the futures charts.  They do this every few years or so, so it may never even be noticed.   Even when they take out or include new stocks in the DOW, the pattern hardly ever changes from what I have noticed. Harvey has wrecked havoc in Texas and I hope that things will get better as hurricane season dwindles and disappears. 

Hurricane Irma is on the way, but it is slow going as well. I get my information form the National Hurricane Center, which you can track hurricanes from their starting points. The National Hurricane Center gives all interested parties  the equal chance to see a hurricane coming 3-5 days in advance.

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September, 1, 2017 Notice

In recent days it seems I may be losing all my free access to the futures charts. This will throw a major crimp in my style of wave counting, as I have to search for an alternate site. I may be able to work around it for now, but I see the writing on the wall where I will lose access to charts that I have used for close to a decade. Many sites have too many settings that can be a nightmare to learn, set up and simplify. I may switch to Barcharts.com which Insidefutures are affiliated with. 

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