EWT’s Hochberg continues his pathetic gibberish in the guise of wise Buddha like sayings:

’Inertia grips the S&P 500 as today’s 0.39% trading range was the smallest of the year, as shown on the Bloomberg chart above. Low volatility precedes high volatility and inaction leads to action, so expect some wide-ranging days in the not-too-distant future.’

No specificity, no plan or action of how to use this…

Is it a concern when a long term super bear all of a sudden begins calling for new highs?  Even when those new highs are part of coming ‘Armageddon’?  Because EWT is now calling for that!

Hochberg is now calling for new highs (of course, the odds favor that outcome.  The market is in an historic bull advance).  

But for about 10 months straight, in the face…

Elliott Wave International: Short and simple

I am not sure they fully understand that for most people, the purpose of the markets is, quite simply, to make money. An indication they might not share your goal (or any trader/investor’s goal) is they never provide practical guidance for trades.

For them, it seems that the more arcane the analysis the better. That seems their purpose. Not making money.  In fact, they apparently are so disinterested in making money,…

Robert Prechter/Steven Hochberg write a market update Monday, Wednesday, Friday.

The US stock market is open 6.5 hours per day, so they ‘update’ three times in a 33 stock market hours week, every week.  Or approximately every 11 hours.

From March 2020 to November 2020 occurred one of the strongest bull market advances in the US stock market in decades.  It was a highly persistent,…