All Entries Tagged With: "bear market"
$SPY Elliott Wave Update 10/25/2009
The market is at a critical point in my opinion. The most likely wave count from the March lows is a W-X-Y structure, which would precede a five wave move to the downside and take the market to new lows. Three key elements lead me to this conclusion that the market has topped or is [...]
Volume Mirage: Biggest Rally Powered By Least Volume
A great post on the Trader’s Narrative blog regarding the volume behind bear market rallies. So far the current rally has been the biggest on the least amount of volume. Very interesting!
For a while now, we’ve been concerned that volume hasn’t been powering the market higher. In fact, if you think of volume as fuel [...]
Market Update – June 1st, 2009
The market continues to crush the bears after impressively moving off the March lows. I have been one of those bears taking a beating by waiting for a short signal but then getting stopped out again and again. My opinion is this is still just a rally within a bear market. It’s not uncommon to [...]
Robert Prechter on Bear Markets
The Big Picture blog has a nice timeline of Robert Prechter’s market calls and commentary from October 2007 to February 2009.
Bob Prechter on Silver & Gold
April 2, 2009
By Nico Issac
In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks.
It goes without saying [...]
Market Overview – June 2, 2008
Just like we predicted, the Qs traded down to 49.00 (48.96 to be exact), bounced off the bottom channel line and closed right above the 20 period moving average. Does that mean the down-move is over? My guess is no. We may see some sideway trading for the next couple days or a small bounce [...]
Market Overview – May 30th, 2008
On the 20th when the DIA broke it’s upwards trendline we said the market would probably fall back to at least 124. Well we fell to a low of 124.37 as you can see on the first chart below. Since then we have traded back up to test the downtrend-line that started last October. [...]




