
This back and forth is really getting old. No new counts without a significant move; however the move down (so far) certainly isn't anything too exciting. As long as America takes out the trash tomorrow, I'll be content.
This blog is an attempt for me to archive my thoughts and actions on the market. I primarily focus on trading the S&P500 and Nasdaq100 indices using E-Mini futures. I will sometimes take small option positions on individual stocks if I anticipate a large move coming shortly.
I am a firm believer that the market completed, in Elliott terms, a Grand Supercycle at the end of 2000 or 2007 depending on the count, but it matters little as they both had near the same nominal price and eventual wealth destruction will be just as great.
As the
Here's an interesting chart showing the '29 Bear Market. I currently believe we are nearing the end of point 6 on that chart. Point 7 will probably top out around SPX 1050 and that should be everyone's exit point from the market if they are conservative (i.e. retirement accounts).
Real-time web analytics statistics program. |