"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 14 hours Is This The Death Of The iPhone X?
  • 15 hours Is London Still The Financial Capital Of The World?
  • 16 hours Is Gold Staging A Comeback?
  • 17 hours The $200 Million ‘Golden Parachute’ For Rupert Murdoch
  • 18 hours Bitcoin’s Breakout Is Not As Bullish As it Seems
  • 20 hours Farmers On Edge As Trade War Hits U.S. Grain Shipments
  • 22 hours Is Silver Poised For A Massive Break Out?
  • 2 days Meet The Hedge Fund Billionaires Club
  • 2 days The Next Housing Crisis Could Be Right Around The Corner
  • 2 days Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 2 days Africa’s Fastest Growing Economy
  • 2 days The Blockchain Boom Hits The Utilities Sector
  • 2 days Why Smart Money Is Selling Off Right Before The Bell
  • 2 days Tech Giants Rally Ahead Of Earnings Reports
  • 3 days Global Debt Hits 225% Of GDP
  • 3 days The World’s First Trillionaire Will Be A Space Miner
  • 3 days How Student Debt Could Cause The Next Real Estate Crisis
  • 3 days This $550 Billion Industry Is Betting On Bitcoin
  • 3 days One Commodity Set To Soar On Russian Sanctions
  • 3 days China’s New Car-Market Rules
Tech Giants Rally Ahead Of Earnings Reports

Tech Giants Rally Ahead Of Earnings Reports

Earning season has just begun,…

Oligarch Risk: The New Red Flag For Investors

Oligarch Risk: The New Red Flag For Investors

Investors are scrambling to diversify…

On the Edge of an Elliott Wave PRECIPICE!

Dow Jones Industrials

30 min

Dow Industrials 30-Minute Chart
Larger Image

4 Hours

Dow Industrials 4-Hour Chart
Larger Image

Daily

Dow Industrials Daily Chart
Larger Image

My Bias: market top is in.
Wave Structure: Impulsive 5 wave structure, possibly topping in an all time high.
Long term wave count: Topped in wave (5)
Important risk events: USD: Unemployment Claims, 

The way the price action is lining up in the DOW right now is nothing short of startling!
And the prognosis that the current Elliott wave pattern has for the stock market and in turn the world economy, is one of financial cataclysm.

On Tuesday the 4th of April I Published my nightly Elliott wave analysis titled 'A market on the edge of an Elliott wave precipice.'

I showed this chart, and said:

"The structure off the recent wave 'i' low at 20409 is a developing three wave form
and the likely target for wave 'c' red is at 20831.
The minimum expectation for wave 'c' to complete is at 20750, just above the wave 'a' high.

At that point, the stock market will be standing on the edge of an Elliott wave precipice!
The bear market should kick off from there."

At that point the market stood at 20675.

Dow Industrials 30-Minute Chart 2
Larger Image

The following day, Wednesday the 5th of April, saw the DOW rally to a high at 20887, a 210 point rally and slightly above the target set the night before.

From there, a three wave corrective rally was complete as was suggested by the chart,
and the DOW quickly plunged 265 points off a wave 'ii' high.

Heres how the market stands on Thursday morning, the 6th of April.

Dow Industrials 30-Minute Chart 3
Larger Image

The market has now plunged by 320 points into the low of the day so far,

And the Elliott wave structure on display right now,
suggests that the market is only at the very beginning of something much bigger!
I will be tracking every single wave of this new developing bear market,

You cannot afford to ignore this developing Elliott wave story.

Your financial future may depend on it!

 

Back to homepage

Leave a comment

Leave a comment