Thursday, December 8, 2016

Elliott Wave Stock Market Update - December 8

Prices made another all-time high as expected and we should see one more high before the wave structure from 2187 is complete. Now that the market is at 2,250, it is less than 10% away from the ultimate target for the entire wave from 2009. So there is a good chance in 2017 we will be saying Adios Amigo to the 8-year bull run. That is unless Trump lucks out and manages to extend the bull market with a very favorable corporate policy but I still think a recession is inevitable and the market is due for a bear market. I am looking to "retire", as in having the option to do nothing, in 2017 and hopefully buy the market and real estate at a low around 2018-2019.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit

Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish

* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

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