BullBear Trading: Stock and Financial Market Technical Analysis

All Blog Posts (416)

Criticism of Prechter and Hochberg

When the Elliott Wave Theorist (subscription service, pay to get your advice) issues a market opinion, I imagine Jimmy Cagney holding a machine gun at your head saying "you dirty rat".  Then firing dozens of bullets. 

Why this imagery and comparison?  Imagine you want to kill someone financially (and demoralize them too!).  How would you do it? Well,, the way they do it is a pretty good model.  Make very strong impassioned arguments against the large trend in force so that people bet…

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Added by John on July 30, 2020 at 5:00pm — No Comments

get every single market’s major trend wrong consistently

Robert Prechter and EWI are in the business of providing market forecasts in exchange for subscription fees.  The main markets they seem to cover are the stock markets, interest rates, precious metals, and the US Dollar.

Amazingly, they manage to get every single market’s major trend wrong consistently.

Wrong on the stock markets, bonds, gold, silver, the US…

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Added by John on July 25, 2020 at 7:58am — 3 Comments

EWI and Steven Hochberg and market history

The service is called SHORT-TERM UPDATE (updated 3 X per week).

EWI and Hochberg have missed every important stock market rally and precious metals rally in the past 5-6 months (as of July 2020).  

Actually, it is much worse than that, they have actively been on the wrong side, meaning they have been extremely bearish during these trends.

Comments such as 'it's time for gold to top', and similar comments like that, are understandable in people…

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Added by John on July 22, 2020 at 8:56am — No Comments

Hochberg - helpful for what not to do

Steve Hochberg at Elliott Wave Int'l is really a useful lesson in how NOT to approach (or trade) markets.   Here is what I mean. He and the service (Short Term Update & their monthly report) are extremely bearish, and that has been true for nearly ever, and especially from the March 2020 lows. 

He has been harping on sentiment indicators for months (almost from the lows in late March 2020 too,…

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Added by John on July 15, 2020 at 4:47pm — 2 Comments

Amateur

It is remarkable the disrespect the Elliott Wave Theorist’s Steven Hochberg shows to the markets (and by extension his clients).  



Gold has been in bull markets for many months (4 + years) and they (EWT and Hochberg) have been bearish for a good % of gold’s price advance. Accompanied by a high degree of confidence.  



Sometimes after gold rises above Hochber’s previously identified ‘The High’ or (the 5th of the 5th (etc), destroying his analysis, he will then say ‘we wait…

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Added by John on July 9, 2020 at 7:28am — No Comments

NEW REPORT! Understanding The Apparent Mismatch Between Current Economic Conditions and the Financial System

Summary

  • Existing theories of economics and the financial system cannot match successfully with current conditions.
  • Long term data on stock index breadth,…
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Added by Steven Vincent on July 8, 2020 at 9:00pm — No Comments

EWI - a trader's perspective

What I am amazed at is the lack of a serious trading approach.  No stops, no possibility they could be wrong, full on extremism in the call for a drop in the market dead ahead (and it's been like that for a long time).  They suffer from a complete lack of objectivity.  For them, nothing (or practically nothing) is or has been bullish in many years.  Every market event is seen as bearish, every social feature is seen as bearish.  They seem to practice a cult like message - we are the ones who…

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Added by John on June 15, 2020 at 5:30pm — 3 Comments

The Secular Systemic Shift to Technocracy: Towards a New Analytical Framework

Few readers will be unaware that our current era has been widely regarded as the Information Age.  The preceding epoch of the Industrial Revolution, marked by the production, distribution and consumption of goods, is regarded to have been superseded by a world increasingly dominated by the creation, collection, storage, collation, processing, distribution and consumption of Information.  1970 seems to be a generally…

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Added by Steven Vincent on June 1, 2020 at 5:30pm — No Comments

The Dawning of a New Era: Post-Capitalism 1.0

Summary
  • We are now in the post-capitalist era.  Markets no longer exist.
  • There has been an economic coup.
  • The virus was used to create a policy response that popped the Everything Bubble and facilitated cover to place the bankrupt and insolvent economy in receivership.
  • The Central Bank cartel is the receiver.
  • A managed reorganization is in…
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Added by Steven Vincent on April 18, 2020 at 10:26am — 4 Comments

Apocalypse Now? The Secular Shift at the Crest of the Long Wave

(The following is the Introduction to the latest BullBear Market Report, "Apocalypse Now? The Secular Shift at the Crest of the Long Wave")

The last BullBear Market Report, issued on August 26, 2019, was entitled "…

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Added by Steven Vincent on March 1, 2020 at 10:05pm — 1 Comment

Secular Long Wave Building Towards 2020 Final Top

(The following is the Introduction to the latest BullBear Market Report, "Secular Long Wave Building Towards 2020 Final Top")

I've been maintaining for quite some time that the current bull market is the final 5th wave of a Long Wave that goes back to 1949 and that when it comes to an end it will represent a paradigmatic shift of multi-generational proportions.  Financial,…

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Added by Steven Vincent on September 18, 2019 at 1:30pm — 1 Comment

The Slow Turn of the Long Wave: Time for a Bull Market Correction

(This is the introduction to the latest BullBear Market Report)

 

At the December bottom I turned intermediate term bullish for the start of the final 5th wave of the Long Wave, anticipating a rally back towards the high. On the back of the Fed capitulation on its rate hiking cycle and balance sheet normalization program, most of the market…

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Added by Steven Vincent on May 7, 2019 at 12:44pm — No Comments

The Long Wave, the Slow Turn and the Mother of All Bear Markets

(This is the introduction to the latest BullBear Market Report)

As 2017 emerged into the following year I noted that the big cap indices had shown characteristics of a parabolic blow-off run since the November 2016 election.  Technical analysts know that when a market is running persistently above trend, a significant mean reversion is…

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Added by Steven Vincent on January 16, 2019 at 10:00pm — No Comments

Trading An Oversold Market

Almost everyone in the trading business is talking about an oversold market at this stage of the game. Stocks are now entering correction territory and there could still be more selling down the road. Generally, some of the best rallies come during a bear market and this makes many traders such as myself willing to take a shot at the long side when stocks are so low. Unfortunately, the stock bounces that we have seen lately have been met with heavy selling pressure. Often, traders will…

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Added by Bryan Leighton on December 26, 2018 at 1:46pm — No Comments

NASDAQ 100 $QQQ Upside Target & Short Trigger

The NASDAQ 100 is surging today following the Democrats retaking the House. The reason for the rally? Just days ago, President Trump threatened to file anti-trust cases against the big tech companies and claim they were monopolies. Investors believe that the Democrats will neutralize that threat in the near-term. As tech surges higher, investors should be ready to pull the trigger on the short side when price hits $178.00. This is a major technical resistance and all technical chart…

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Added by Bryan Leighton on November 7, 2018 at 3:14pm — No Comments

Shift Happens: Very Long Term Secular Shifts in US and Global Financial Markets and Economies in Progress

Here's the introduction to the latest BullBear Market Report, Shift Happens: Very Long Term Secular Shifts in US and Global Financial Markets and Economies in Progress

Over the course of the last few BullBear Market Reports, I have been exploring the potential for a long term secular…

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Added by Steven Vincent on October 23, 2018 at 9:28am — No Comments

Uranium sector

Hello!

Does anybody here follow the Uranium sector? Talk about a bear market and excellent risk-reward for anyone with patience and a longer time horizon?

On the monthly chart of URA (uranium equity ETF), it looks like it will complete a massive multi-year base any month now. The fundamentals are incredibly bullish and demand has begun to outstrip supply.

I welcome any discussion on Uranium.

Enjoy the rest of your…

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Added by Lleyton Davies on October 13, 2018 at 8:12pm — No Comments

This Is Why GoDaddy Inc $GDDY Bounce At $72.18 Today...

Shares of GoDaddy Inc (GDDY) were collapsing for the third day in a row before a strong bounce took place at $72.18. The reason for this bounce was easily predicted by pro traders. If you connect the lows of the stock over the last 6 months, the lows all line up perfectly. Today's lows went right to the trend line (as seen in the chart below). Overall, pro traders expect only a day or two bounce, then a massive break lower on GoDaddy. They are looking for a $65.00 target on the stock…

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Added by Bryan Leighton on July 31, 2018 at 1:56pm — No Comments

Alert: Sprint $S Attempting To Breakout

Shares of Sprint (S) have been under a ton of pressure since early 2017, once word leaked out that the T-Mobile deal was unlikely to happen. The stock fell from nearly $10 to its current $5 range. However, even with the tough market conditions, Sprint is showing signs of life. Just in the last week, Sprint jumped from its 52 week low of $4.81 to $5.22. This $5.22 level represents the daily 50 moving average and a major trend line resistance point (as seen on the chart below). Show it…

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Added by Bryan Leighton on April 9, 2018 at 2:29pm — No Comments

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