Wednesday, April 16, 2014

$BPNDX--New Highs for Averages?

As long as 16,456 holds in INDU, the bulls can buy whatever they want.  As wave count goes, it looks like instead of a ABC flat, we have a DOUBLE ABC flat, which should end this morning and send stocks reeling.  GL

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Tuesday, April 15, 2014

$COMPQ--Add to Shorts

With the $COMPQ bouncing off its 200 day MA at 3942 and wave formation looking like wave 1 of 3 was completed at the same time, I would add to shorts here.  GL

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The Economy In Pictures

The Economy In Pictures

$RUT--Going Lower

This being a third of a third in all major indexes, we are going lower.  First target for $COMP is 3920, though the market could easily exceed that number.  GL

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$RUT--This rally is almost over

Get ready for the spill.  Good luck

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Monday, April 14, 2014

$SUPHLP--Don't get too teary-eyed over today's rally

Because nothing is holding this baby up.  A big spill should begin tomorrow.  Good luck.

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Thursday, April 10, 2014

$INDU--Welcome to Third Wave World

For the hopeful, this is a curse.  For the wary, it may be an opportunity.   For those who understand, you are prepared.  Wealth destruction is ugly.  I wish it on no one; however, I didn't do a thing to create the precipice we are falling over.  Nature corrects all excesses--no matter what Man does.  No one controls the market--I mean, we, collectively, control only our two cents, which we use to vote for future reality--and EVERY vote counts.  Technical analysis tries to tease out the message in the great perpetual polling machine.  Academics tell us we are wasting our time: Price is nothing but a Random Walk into the future.  We think differently: Price forms pattern and patterns are intelligible--if we understand their basis.  As an Elliott Wave believer that basis is emotion, which is not quantifiable, which allows academics to dismiss us.  If it's not science, it's meaningless.  Love is not quantifiable, but it's very meaningful.  Each of us has to sort out our relation to the market.  I have mine, and it's telling me the artificial measures of the Fed have come to an end.  Debt will now crush us.  I'd be sad if I hadn't waited all these years to watch this tragedy play out--You can't play God with the forces of nature forever--even the richest country in this whole universe can't rig the laws of nature--which we don't understand.  We only know enough to get us in one hell of a pickle.  The next year or two will be about what went wrong.  Ah, humanity!

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$COMPQ--On the way to the bank, a . . .

a dead cat fell on the bulls, and every time the tried to push it off, it fell right back on them.  Can a bull run with a dead cat on its back?  We'll be watching.

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$NDX--Go Bears!

There's no more to say--only watch.

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$BPNDX--Two Day Rally Changes Nothing

Here's your 1000 word picture!  Good luck.

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$INDU--Buy TVIX--this rally is over

The next wave down will be a third wave, which should take us to around 16,000.  Good luck.

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