Weekend Update: October 20th, 2014 – Decision Time

So far so good. Late last week the equity markets bounced into my target range (1880-1900) where we would expect wave (iv) to terminate. So far we only have a 3 wave decline from the ATH's and another marginal new low (below 1820) is required to confirm an impulsive 5 wave decline before 1926 is exceeded […]

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Market Update: October 16th, 2014 – May we live in interesting times…

Well, we certainly got the waterfall decline I was looking for this week with Wednesday's 60pt decline on the SPX and other global indices. Fortunately, I was on the right side of that plunge. Bear markets are associated with extreme volatility both up and down and that is exactly what we've seen. Bull crushing plunges […]

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Market Update: October 14th, 2014 – Don’t go chasing waterfalls

So far so good. Equity markets continue their downdraft as we stair step our way down. No surprise to anyone that's been following my work. Corrective rallies and impulsive declines, lower highs and lower lows, key trendline and daily sma breaks define the trend. Until this changes, the trend remains down. Near term resistance resides at the 200 […]

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Special Market Update: October 10th, 2014 – Fractures – Bulls need to Step Up

Global equity markets are at very high risk of a major breakdown. We are at a key inflection point and the bulls need to make a stand right here and right now... From yesterday's update... "The SPX briefly broke its 2 year trendline before reversing strongly… straight back to its recent nemesis, the 50 day sma […]

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