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Brad Gudgeon

Brad Gudgeon

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…

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Minor Stock Market Pull Back Due

The week before last, I had alerted my subs that it didn't look like the 24 TD balance low would work (but that the 11 TD top due February 10 would most likely develop a minor top due to the topping astro configurations). A drop into the 16 TD low due Tuesday, February the 14, should be contained to about 2284/85 SPX. A higher high into late February looks likely before we start the expected March/April sell-off. A move into the 2330-40 zone is on the horizon, I think.

A note to the readers (and I have mentioned this before): it is folly to trade off of forecasts that timers make, because, like the weather things can change rapidly. When a reader does not subscribe to a newsletter, they cannot get regular updates!

 


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