Professional Market Timer

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 ... more

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More Selling In The Offing?
On Feb 27, the stock market topped and the SPX fell 142 points or about 5% in 3 days. Most of the decline was blamed on the Trump announcement of tariffs on Aluminum and Steel, with fears igniting about a coming trade war.
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January Rally May Be Taken Out In January
The recurring 20 week low is due within this general time frame. Last seen on August 21, 2017, it generally runs about 100 trading days. For it to sync with the 16 TD low due around Jan 24 it needs to be topping this week.
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A Microscopic Look At The Elliott Wave & The S&P 500
December will not be kind to the stock market and to a lesser extent, neither will mid-October.
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Another Air Pocket Ahead
The S&P 500 shows a drop on Sept 7 to around SPX 2427/28.
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The Case For SPX 2265.22 By August 14th
I present the case for SPX 2265.22 by August 14th, 2017. That is only one week away and would knock about 8.5% off the major average.
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Why The Stock Market Must Fall Hard Monday
I have been warning for over a week now about a coming waterfall decline. The wave counts and cycles are at the point where I believe it is a virtual impossibility for the market not to implode Monday for the biggest one day loss of the year.
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Latest Comments
Countdown:An E-Wave Perspective
2 years ago

Harry Dent is a great man in my opinion!

Large Sell-Off In Stock Market Looming
2 years ago

We got out of our short positions in GDX today for a nice profit. We are short the SPX at 2151 expecting at least 2130 on Tuesday and a possible 2113.

In this article: SVXY, DUST, GDX, SPY, SPX, SPXL
SPX Drop Into The 2130s Expected, Now What?
2 years ago

Looking at GDX, I'm thinking this rally coming is counter trend and Oct 18 will be it. Target 26.40 GDX

In this article: SPX, GLD
Stock Market Down Monday?
2 years ago

The SPX futures are up this morning. One BIG caveat: we have yet to the see the 8 TD low and that can run +/- 2 TD. It was due Friday. The 7/14 week low runs 35/70 TD's plus or minus 10%. The 7 week low can run 38 TD's and that is due early/mid Tuesday.

The waves are hard to read, but I believe that this is a 'b' wave with 'c' to come to the down side. The 16 TD top for the SPX is due Friday/Monday.

The gold market is running as I thought.

In this article: GDX, SPX
SPX,GDX Update - September 26, 2016
2 years ago

It looks as though the large drop will be Wednesday

In this article: GDX, SPX
Big Gold Rally This Week, Stocks Down?
2 years ago

The normal Mercury Rx Cycle switched from a top to a bottom (inverted) I now expect to the top on Sept 8 near 33.50. New chart coming.

In this article: GDX, SPX
S&P 500 Down 10% Into Early September?
2 years ago

Now I'm thinking more like 6.9% into Sept 1 from the top on August 15 with another move up to the 2221/22 SPX area by Sept 20. A crash into November still looks likely to me. We could see a mini panic from August 30-Sept 1 of 6.6%.

In this article: SPX
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STOCKS I FOLLOW

AAPL Apple Inc.
AMZN Amazon.com Inc.
C Citigroup Inc.
FB Facebook Inc
GDX Market Vectors Gold Miners ETF
GDXJ MARKET VECTORS ETF TRJR GOLD MINES
GLD SPDR Gold Trust ETF
GS Goldman Sachs Group Inc.
MSFT Microsoft Corporation
NFLX Netflix Inc.
SLV iShares Silver Trust
TWTR Twitter Inc
UUP PowerShares DB US Dollar Index Bullish Fund
WMT Wal-Mart Stores Inc.
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Latest Posts
The 4% Drop Ahead: Down Into February 6?
The chart below explains why I now believe we drop down into February 6th to the 2202 SPX level.
Countdown:An E-Wave Perspective
Going back and reevaluating the wave counts going back to the founding of our country, I realized that we are in the final 5th of a 5th of a 5th which, itself, may be a millennial 3rd wave going back through European statistics to around 1000 C.E..
Quick Update: GDX, SPX
The astro/cycle/waves suggested a top on Monday in the SPX and a low on Thursday this week. I’m expecting a negative reaction to the FED and a test of the 2116/17 area by. A bounce into Friday should be another shorting opportunity into Sept 27th
Stock Market, Gold Update
It looks as though the stock market is waiting for the malefic Saturn Stationary/Direct in Sagittarius around August 13th before any serious damage might occur.

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