Owner, Prometheus Market Insight
Contributor's Links: Owner, Prometheus Market Insight

Erik is the owner and senior market technician for Prometheus Market Insight and has been performing chart analysis since 1995. The software program that he developed to monitor long-term stock market trends has correctly identified 92% of the cyclical turning points in the S&P 500 index ... more

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Short-Term Forecast For Tuesday, Feb. 9
The S&P 500 index closed slightly lower today, holding near recent highs of the uptrend from March. Technical indicators are bullish overall, strongly favoring a continuation of the advance.
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Short-Term Forecast For Wednesday, Dec. 16
We are 6 sessions into the beta phase decline of the short-term cycle that began on November 1. The latest short-term low may have formed on December 14, although we would need to see additional strength to confirm that development.
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Short-Term Forecast For Tuesday, Dec. 15
We are 5 sessions into the beta phase decline of the short-term cycle that began on November 1. The latest short-term low may have formed on December 14, although we would need to see additional strength to confirm that development.
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Short-Term Forecast For Thursday, Dec. 10
The decline today indicates that the beta high (BH) of the current short-term cycle likely formed on December 9. We are 2 sessions into the beta phase decline of the short-term cycle that began on November 1.
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Short-Term Forecast For Wednesday, Dec. 9
The S&P 500 index closed moderately lower today, retreating from recent highs of the uptrend from March. Technical indicators are moderately bullish overall, favoring a continuation of the advance.
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Short-Term Forecast For Monday, Dec. 7
The following technical and cycle analyses provide short-term forecasts for the S&P 500 index.
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Comments

Latest Comments
Stock Market Continues Test Of Critical Support Level
5 years ago

That is an excellent question, Alexis, and worthy of a long, in-depth discussion. However, the short answer is that market prices are based on the decisions of all market participants, regardless of whether they are basing those decisions on rational, fundamental data or irrational imperatives such as greed and fear. Essentially, market behavior reflects the sum total of all knowledge and emotion driving the decisions of its participants.

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DIA SPDR Dow Jones Industrial Average
QQQ PowerShares QQQ Trust Series 1
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Work Experience

Owner
Prometheus Market Insight
January 2000 - Present (21 years 6 months)

Education

University of Florida
MS
1993 / 1995
Computer Engineering
University of Virginia
BS
1989 / 1993
Computer Engineering

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