• 578 days Will The ECB Continue To Hike Rates?
  • 578 days Forbes: Aramco Remains Largest Company In The Middle East
  • 580 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 980 days Could Crypto Overtake Traditional Investment?
  • 984 days Americans Still Quitting Jobs At Record Pace
  • 986 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 989 days Is The Dollar Too Strong?
  • 990 days Big Tech Disappoints Investors on Earnings Calls
  • 991 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 992 days China Is Quietly Trying To Distance Itself From Russia
  • 993 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 997 days Crypto Investors Won Big In 2021
  • 997 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 998 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,000 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,000 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,004 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,004 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,004 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,007 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Weekend Market Forecasting and Trading Report

We are looking for one more spike rally which will then be quickly reversed. When that occurs, it will suggest wave a-up from November 2012 has topped. That spike rally should occur sometime over the next two weeks, with wave "a" possibly topping within a few days of our March 1st, 2013 scheduled phi mate turn date. There is growing evidence that a top is approaching, one that will be followed by a sharp decline of 5 percent or more. That decline will scare a lot of folks into believing the markets are starting a massive decline. Our take is that it will only be wave b-down of an a-up, b-down, c-up rally for the final wave e-up that completes the multi-decade Jaws of Death (SM) pattern. Wave c-up will take your breath away, be strong, taking the Industrials toward 15,500 to 16,000, the upper boundary of the Jaws of Death pattern, creating a false sense of security. In other words, markets are about to play with our heads, scaring investors with wave b-down, then giving a false sense of euphoria with wave c-up. Once the Jaws of Death finishes, a massive decline will begin that lasts several years, and could be worse than we have seen in centuries, Grand Supercycle degree wave {IV} down. I am putting the finishing touches on a book I have written to cope with the coming Grand Supercycle degree Bear market. The evidence that wave a-up will soon top is shown this weekend in both the Elliott Wave labeling and in mature Bearish Divergences between the 10 day average Advance/Decline Lines and prices for three major averages, Blue Chips, Techs, and small caps. We show those divergences on pages 10 and 11.

Weekend Market Forecasting and Trading Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment