The Stock Market is on a Cliff edge….
The Stock Market is on a Cliff edge....
Are You Ready for what comes next?
The Bulls are boiling with enthusiasm as this market tops out again.
They just don't realize how dangerous the wave count is right now!
And what it means for the future.
On November 16th last,
"Stocks are in a horribly precarious position right now!
And it is time to prepare for market chaos................"
Heres the chart that I showed;
The DOW had declined off the all time high in an impulse wave structure.
Which suggested that the market declines had only just begun.
"What comes next in wave '3' will blow your socks off!"
The DOW completed wave '2' shortly after and wave '3' down began.
"As I am a consistent bear on stocks,
It would be remiss of me to mention that the market is down off a gap to a new high.
todays move could also be viewed as an exhaustion gap at the end of wave [c].
In that case,
we could have an irregular flat complete at the session high of 25973.
If the price continues lower tomorrow to create a further five waves down,
that will strongly favor the irregular flat idea."
This chart shows what happened next;
25973 was the final high for wave '2'.
And then began the largest plunge in the Stock market since the great recession of 2008/2009.
The DOW lost 17.5% in a few short weeks in December!
A total decline of just over 4500 points!
While the investment world was blind sided,
the Elliott wave count saw the crash coming a mile out!
The Stock market crash is only just beginning.
And I want you to stay ahead of the next big market move.
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DOW jones, S&P500, GOLD, SILVER,
Crude oil, US10YR and USDFX rates.
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What about the GOLD market?
Back in August 2017 I released this chart to support my very bullish outlook for GOLD.
It involves a long term corrective low in wave '2'.
The market had just created an impulsive pattern higher off the 1160 lows on August 16th.
The wave count called for a large wave '3' up to begin off that low.
"We are now drawing near
to an impulsive bullish signal in GOLD."
And here is the outcome so far;
Gold hit a high on January 4th of 1298.
That is a 12% rise off the lows,
And I think we are only getting started!
If you nightly updates on the Elliott wave patterns moving the Gold price.
Then don't miss out!
While Everyone on 'the News'
Called for $100 Oil.
The wave count called for an Oil Price Crash!
On Tuesday October 2nd,
Crude oil was trading at $75.00 for the first time in 4 years.
Jim Cramer on CNBC said;
"don't let an overdeveloped sense of caution
trick you into missing these straightforward moves,
it could cost you!"
Sept 25th - Don't overthink—the oil rally is for real!
Bullish commentary on CNBC did not stop there!
An over-bullish mania type behavior had gripped the market and the news.
At the very same time;
My Elliott wave count quietly suggested a different future for Crude prices!
I knew a crash was coming soon!
On Oct 2nd,
I published this article;.
Prices were at a 4 year high, and the world was consumed with oil price fever!
But in that article I said;
Heres a chart from that nights update:
The chart called for one more pop to the upside and then a crash!