BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves instead of the normal 5 Waves since the market topped in 2000. According to "The Original Works of R.N. Elliott", we are due ...
more BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves instead of the normal 5 Waves since the market topped in 2000. According to "The Original Works of R.N. Elliott", we are due for a move down to tag the 2000/20007 tops. In my opinion, this is no longer a buy and hold market, but a traders' market. We mainly swing trade the market with funds and ETF's, but otherwise trade according to the market's disposition and to the traders' discretion. For the year 2015, BluStar Market Timer is rated #1 according to Timer Trac.
less
Latest Comments
Why The Stock Market Rallied So Fast
Yes, my sentiments exactly!
Why The Stock Market Rallied So Fast
The best way, in my opinion, is to become a subscriber to my service. Also, buy the original works of R.N. Elliott.
Why The Stock Market Rallied So Fast
XYZ is like ABC only in an uptrend a bull flag where Y takes out the previous impulse. In a bear flag it is labeled WXY.
Why The Stock Market Rallied So Fast
The market looks toppy in here. A 10-12% pull back would not surprise me in the month of May.
Large Sell-Off In Stock Market Looming
We got out of our short positions in GDX today for a nice profit. We are short the SPX at 2151 expecting at least 2130 on Tuesday and a possible 2113.
SPX Drop Into The 2130s Expected, Now What?
Looking at GDX, I'm thinking this rally coming is counter trend and Oct 18 will be it. Target 26.40 GDX
Stock Market Down Monday?
The SPX futures are up this morning. One BIG caveat: we have yet to the see the 8 TD low and that can run +/- 2 TD. It was due Friday. The 7/14 week low runs 35/70 TD's plus or minus 10%. The 7 week low can run 38 TD's and that is due early/mid Tuesday.
The waves are hard to read, but I believe that this is a 'b' wave with 'c' to come to the down side. The 16 TD top for the SPX is due Friday/Monday.
The gold market is running as I thought.
SPX,GDX Update - September 26, 2016
It looks as though the large drop will be Wednesday
Big Gold Rally This Week, Stocks Down?
The normal Mercury Rx Cycle switched from a top to a bottom (inverted) I now expect to the top on Sept 8 near 33.50. New chart coming.
S&P 500 Down 10% Into Early September?
Now I'm thinking more like 6.9% into Sept 1 from the top on August 15 with another move up to the 2221/22 SPX area by Sept 20. A crash into November still looks likely to me. We could see a mini panic from August 30-Sept 1 of 6.6%.