Yesterday the market traded up a little farther into the target zone, and has now satisfied the minimum requirements for the fifth wave up we’ve been looking for since February 8. I literally spent six straight hours charting…
On Friday, the market rallied up into the lower end of the Wave 5 target zone, but the short term charts seem to suggest a bit more upside still to come for Tuesday. Theoretically, this should be the last wave of this rally before a meaningful co…
In honor of the fact that today is National George Stephanopoulos Day, I’m going to keep this update a bit on the short side. (Actually it’s because I spent a good part of yesterday dealing with personal health issues, and have only had abou…
The charts are a mess tonight. While the big picture view has shifted somewhat over the past month, my daily short-term preferred counts have been on an exceptional win streak since the end of January — catching the lion…
Yesterday was primarily a market “noise” day, as it traded within a range inside the key levels. It does appear from yesterday’s action that blue wave 5 is subdividing. If that’s indeed the case, there are two primary routes for&n…
This is a historic rally, and it’s accomplished something the market hasn’t accomplished very often — but I’ll return to that later. Monday the market performed as anticipated by the preferred count shown on Thursday and Friday –…
The media is giving mixed messages lately. On one hand, we have Barron’s weekend cover story, predicting Dow 15,000. This suggests the bullish sentiment is getting more over-blown, and it’s amazing how many times co…
I’ve been pulling my hair out all night trying to nail down the exact short term count, and have compared the NYA, INDU, SPX, RUT, TRAN, BKX, WLSH and several others — partially because, due to the indicators, I’m having troub…
A contributor on my website called my attention to the fact that some readers “hear what they want to hear” when they read my articles. I do tend to be verbose sometimes when I get going, so maybe some of the key concepts are getti…
There’s a trap that’s easy for analysts to fall into. Let’s imagine you’ve been bearish for a while and anticipating a top. Let’s also imagine that the market has continued going up anyway, and yet continues to give…
