Monthly Archives: August 2011

history may not repeat, but it always rhymes

The last time we had a deflationary bear market low followed by a bull market was 1932-1937. When that bull market completed, the 1929-1932 bear market was still fresh in everyone’s minds. We reviewed the waves coming off the spring 1937 … Continue reading

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wednesday update

SHORT TERM: volatile day, but no new daily low, DOW -520 Overnight the Asian markets were all higher. Europe opened higher but closed -4.1%. US index futures were lower overnight and the market gapped down to SPX 1158 at the … Continue reading

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tuesday update

SHORT TERM: lower daily lows extend to twelve days, but DOW +430 Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were quite volatile overnight trading between ES 1080 and 1150. And, heading … Continue reading

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OEW tutoring

Long term investor psychology cycles determine bull and bear markets. When positive a bull market unfolds, when negative a bear market. The Objective Elliott Wave (OEW) technique not only determines if a market is bullish or bearish, it also quantifies how … Continue reading

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monday update

SHORT TERM: eleven consecutive lower daily lows, DOW -635 Friday night S&P downgraded US debt to AA. Asian markets were all substantially lower overnight. Europe opened lower and closed -3.8%. US index futures opened sharply lower and remained lower heading … Continue reading

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weekend update

REVIEW In the US, the market recovered from its midday low on friday to close mixed but still posted the worse weekly decline since the early May 2010 flash crash. Europe, however, was not that fortunate and ended the week with their worse … Continue reading

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friday update

SHORT TERM: gap up opening, panic selling, rebound, DOW +61 Overnight the Asian markets were all substantially lower. Europe opened lower and closed -2.75%. US index futures were lower, then higher after the Jobs report. At 8:30 the monthly Payrolls … Continue reading

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thursday update

SHORT TERM: market tumbles after gap down opening, DOW -513 Overnight the Asian markets were mixed. Europe opened higher but closed -3.3%. US index futures were lower overnight, and at 8:30 the weekly Jobless report came in flat: 400K vs … Continue reading

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wednesday update

SHORT TERM: flat open, new downtrend low, DOW +30 Overnight the Asian markets were again all lower. Europe opened lower and closed -2.3%. US index futures were higher overnight, but faded heading into the open. At 8:15 the ADP index … Continue reading

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tuesday update

SHORT TERM: another gap down open, DOW -266 Overnight the Asian markets reversed monday’s all-up with an all-down day. Europe opened higher but closed -1.6%. US index futures were lower overnight. At 8:30 Personal income rose modestly: +0.1% vs +0.3%, … Continue reading

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