Minor Stock Market Pull Back Due

By: Brad Gudgeon | Sun, Feb 12, 2017
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The week before last, I had alerted my subs that it didn't look like the 24 TD balance low would work (but that the 11 TD top due February 10 would most likely develop a minor top due to the topping astro configurations). A drop into the 16 TD low due Tuesday, February the 14, should be contained to about 2284/85 SPX. A higher high into late February looks likely before we start the expected March/April sell-off. A move into the 2330-40 zone is on the horizon, I think.

A note to the readers (and I have mentioned this before): it is folly to trade off of forecasts that timers make, because, like the weather things can change rapidly. When a reader does not subscribe to a newsletter, they cannot get regular updates!

 


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Brad Gudgeon

Author: Brad Gudgeon

Brad Gudgeon
BluStar Market Timer
Blog
eaglesoveramerica.com

BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves instead of the normal 5 Waves since the market topped in 2000. According to "The Original Works of R.N. Elliott", we are due for a move down to about the S&P 500 442/443 area in the next few years. In my opinion, this is no longer a buy and hold market, but a traders' market. We mainly swing trade the market with funds and ETF's, but otherwise trade according to the market's disposition and to the traders' discretion. For the year 2014, BluStar Market Timer is rated #1 according to Timer Trac. http://www.blustarmarkettimer.info

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