I am going to post a chart here which should give you a rock solid dose of long term thinking. Ponder for a moment your long term opinion on the market.. do you have one? Bearish, Bullish or in between? It goes without saying that a fairly confident long term forecast can help so many … Read more
Breaking news development… The Dow Jones Industrial Average as well as the SP500 Index are currently as the time of this posting showing another potential bearish implication candlestick formation. The formation is the bearish hanging man candlestick. This candlestick looks like a bullish hammer, has a small body shape and a tail that is at … Read more
Big Picture Stock Market Forecast It is time to put my finger on the chopping block and make some long term forecasts about where I believe the stock market is going longer term. I am doing this for myself in part just to give myself some clarity about where I stand now and then at … Read more
We are living through unprecedented financial history right now. It almost seems surreal because I remember having heard so many times about how bad the markets were in 1929 and 1974 but I had never lived through one of them. But now we are right in the middle of one right now and the cold … Read more
I have written about the Dow Jones Industrial Average before. I also made a gutsy prediction that the DJIA would hit 14,000 by February 25th, 2007 . I still stand by that forecast. But first things first. Clearly in order for the DJIA to get that far, the first thing it has to do is … Read more
I have been studying the longer term chart of the Dow Jones Industrial Average recently and am trying to determine if the market has the potential to confirm a major top this year. It has been said that it is a fools game to try to pick market tops. In general I agree with this … Read more
The stock markets as represented by the Dow Jones Industrial Average and the Standard and Poor’s 500 Index so far in 2012 have advanced higher but I would not call it a supercharged advance by any means. The advance has been slow and steady on very light volume and downside price action has been slight. … Read more
In the markets, the long term trumps everything else. The longest term time frames hold precedence over all other time frames. They move slower than a snails pace and are very slow to change direction once a direction is chosen. The extended market decline from 2007 to 2009 has caused many market timers to repeatedly … Read more
Today’s action in the sp500 has me thinking the 8.6 year cycle model turning point I have been talking about ad nauseam for months now is starting to take effect and turn this beast of a market into a sideways to down market. Today we saw the sp500 blast back under the tight channel I … Read more
The sp500 today broke out north from the tightly compressed downward sloping trading channel we have been working through the past several weeks. The market appears to want to move higher again to a new 52 week high eventually. At this point this is a clear long signal again, but I am holding off switching … Read more