Stock Market Top Close, 2017 Projection

By: Brad Gudgeon | Wed, Dec 7, 2016
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Today's rally (yesterday we called for new highs shortly) has put the S&P 500 right up against a rising tops line. We are also in the area of the 17 week cycle top. A 14%+ drop looks likely into February/March. A strong 19%+ rally into late July and then a huge drop into the fall (-31%+), projects a down, up, down market for the year finishing Primary Wave 4.

The Coming Primary Wave 5 finishes Cycle Wave 5 since March 2009, Super Cycle Wave 5 since April 1942 and Grand Super Cycle Wave 5 since about 1776. The expected crash from late 2018/early 2019 into 2020/21 could easily drop the stock market 89% (the same as 1929/32).

The implied social differences between 90 year ago and today are staggering. The effects of a huge economic implosion (ala 1929/32) on today's society will be much more exaggerated this time. Also, increasing in this same cycle, are the drum beats of war (80-year cycle) and a 240-250 year cycle of social revolution (American/French Revolutions).

We are now networking and building local communities of like minded people so that we can help ourselves, our families, and those in need survive the coming turmoil. You are welcome to join us.

S&P500 Daily Chart
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Brad Gudgeon

Author: Brad Gudgeon

Brad Gudgeon
BluStar Market Timer
Blog
eaglesoveramerica.com

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 about the S&P 500 442/443 area in the next few years. 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 2014, BluStar Market Timer is rated #1 according to Timer Trac. http://www.blustarmarkettimer.info

Disclaimer: The information provided by the BluStar Market Timer is to be used for educational purposes only. We do not recommend the buying or selling of any securities, are not registered investment advisers and do not offer investment advice. Stock market investing is considered risky. Market timers can and do make mistakes. Past performance is never a guarantee of future performance.

Copyright © 2014-2017, Bradley Ray Gudgeon, BluStar Market Timer, Eagles Over America. All rights reserved.

 

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