Thoughts on the Current State of the Stock Market (and other stuff) – A blog post by Sid Norris from ElliottWavePlus.com
Without further ado, here are the current combined Hurst projections on several items of interest:
1) US Stock Market: a major top in late 2017 is expected, to be followed by an ABC correction through the year 2024. (And no, I haven’t called the top yet like those super blogging, email blasting, google search manipulators! (-:) From an Elliott Wave perspective, the 5-wave impulse up from the March 2009 low is likely to end soon, though. That bull market will have lasted about 8.5 years, so even if the 2009-2017 bull was a very bullish cycle-degree wave 1 (my main count), a multi-year (cycle-degree) correction would be next.
Highlights from Sid’s March 20, 2016 “Counts” Webinar, featuring long-term Elliott Wave and Hurst Cycle Analysis of the Dow Jones Industrial Average
The video clip below is the first 15 minutes from Sid’s March 20, 2016 “Counts” Webinar. The primary topic is the long-term Elliott Wave and Hurst Cycle Analysis of the Dow Jones Industrial Average. Included is a discussion of the proper placement of the most recent 54-year Kondratieff cycle trough, and how a combined Elliott […]
Elliott Wave Analysis of IBB (Biotech Sector ETF) by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of IBB (Biotech Sector ETF) by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. A quick glance at a weekly chart of IBB (above) shows the obvious parabolic rise into the July 2015 top. Parabolic bubbles are followed by crashes, so is the crash in the Biotech sector already finished, as […]
Sid’s Technical Take on the Long-Term Expectations for the Hang Seng Index ( HSIX / HKHI )
With U.S. stocks in nose-bleed territory, many money managers are smartly on the lookout for investment alternatives. The Hang Seng appears to be a decent intermediate-term option in my opinion. By combining Hurst Cycle Analysis and Elliott Wave, I’ve developed the roadmap below. Since the October 2011 (Burgundy B) low, which, by the way, was the US stock market low since […]
Elliott Wave and Hurst Cycle Analysis of the U.S. Stock Market by Sid from ElliottWavePredictions.com
Elliott Wave and Hurst Cycle Analysis of the U.S. Stock Market by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Many Elliotticians (including myself) regard the Y2K peak in stocks as the Supercycle wave 3 top. Supporting evidence includes the record-high RSI reading at that peak, as shown on the quarterly DJIA chart below. While many times, […]
