BullBear Trading: Stock and Financial Market Technical Analysis

All Blog Posts (422)

Contrary indicator

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…

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Added by John on January 21, 2021 at 7:03am — 1 Comment

Elliott Wave International: Short and simple

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,…

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Added by John on November 30, 2020 at 7:47pm — No Comments

Eleven hours

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,…

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Added by John on November 19, 2020 at 7:00am — No Comments

GURU of the decade

Robert Prechter was named guru of the decade by FNN (the CNBC forerunner) in about 1989.  Prechter made excellent market calls from the late 1970’s through 1987.  

Since then, he has been consistently wrong. Wrong for over 30 years (3 decades!).  Not just wrong on the stock market, passionately wrong.  Now, there have been 4 very significant bear markets from 1988 onward, and because Prechter = bearish, he was bearish in front of them.  But he has been bearish for over 30…

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Added by John on November 11, 2020 at 6:51am — No Comments

Markets Are Forecasting A Trumpublican Victory And An Economic Boom In 2021

Oct. 25, 2020 11:45 AM ET


Summary
  • The details of the ongoing secular systemic shift will be shaped by the outcome of the November 3rd…
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Added by Steven Vincent on October 26, 2020 at 2:02pm — 1 Comment

Is a New Long Term Bull Phase in Stocks Already in Progress?

As regular subscribers to the BullBearMarket Report know, I have been tracking the onset of a long term Secular Systemic Shift since the last bull market began in 2011.  In 2018 I began pointing towards 2020 as the year that "Shift happens".  I think it's hard to dispute that, indeed, 2020 has proven to be a watershed year.

At this time we are less than a month away from the November 3 U.S. election and there is…

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Added by Steven Vincent on October 16, 2020 at 5:00pm — 2 Comments

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 — 2 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

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