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Dow/Transports divergence is telling me that the Oct. high is the top and that the stock indices will trade well beyond the August lows. The attached chart shows how the Dow and Transports traded side by side throughout the 90's until they began to diverge in late 1999 early 2000. At the time...

Updated "Hard Core Bear" Count. Good luck to all in their trading!!!

Wow, could this market look any uglier? Er has already traded below yesterdays low, YM and Es are not far behind. Each rally from the Oct. 11 high is progressivly smaller/weaker. Yes the rally from the August low was not a perfect 5 wave count, but there is no denying that the decline from...

Hmmmm... I was right my count did lead to some interesting discussion. If the market does not take out last Monday's low and rallies above this past Wednesday's high I will cover my S&P puts and expect the triangle scenario to play out. However, if last Monday's low is taken out, I want to see...

This is my preferred count from the June 06 low. Prechter and others are looking for the completion of a triangle and 1 final push to a new high while I believe the Oct. 11 high was it and we have entered a bear market. I believe it would make for an interesting discussion as to why my count...

The decline from Wednesday's high has been very steep with minimal retracements.... I believe we are in a "C" wave from the Oct. 11 high or the start of a much larger correction(bear market). The Dow and Nadaq sold off into the .618 - .786 retracement, but the S & P and ER exceeded the .786...

Here we are with an hour left to go in trading.... and the market on the verge of another huge selloff. If we collapse like yesterday we will be revisiting the August lows within 2 weeks.

Mup, if we take out Monday's low in the next couple of days I believe my count on the attached chart is accurate. What are your thoughts?

Bonds are trading at 6 month highs, the Dollar is rallying today.... I see a flight to quality and more negative news on the financials and retails stocks this week. Lower highs, lower lows still intact. Rimm, Goog, Aapl trading today at weekly lows. The stock indices want to rally fom here...

E wavers... let me know what you think of my wave count on the attached S&P chart. I believe we are in a third wave with huge downside potential next week. What will fuel the decline I am anticipating... today's close was incredibly weak, the Fed added 41 billion in liquidity this week(do they...

Mup, I am an "E Waver" very bearish on the market and holding S & P puts. I have found the dialogue and charts within this thread to be great!

Rimm, Goog, Aapl, Csco getting hammered today and they have been the leaders. Congress just beat up Bernanke... I cant imagine why anyone would want to be long this market!

You are both missing the point... yes there will always be lenders for borrowers with great credit and money for the down payment on a purchase. The bigger concern is for the borrowers without good credit or a homeowner with little or no equity that will lose their home in foreclosure.... the...

Perhaps the ECB knows something we do not.... perhaps the European banks have more exposure to subprime via their investments in highly leveraged hedge funds. The news gets progressivly worse from week to week. I believe we could see a huge selloff(equal to 2000-02) in the stock market. I...

Let me explain why the decline will continue.... I(mortgage broker) just completed a loan for a client who is purchasing a home that was foreclosed by a bank. The bank foreclosed for $468,000 and my client made an offer for $505,000 which the bank accepted. The appraisal came in at $550,000...

Watch the open for Apple in the morning.... a gap down on the open will set up a potential island reversal and top. If Apple sells off tomorrow it could be a signal that a top is in place for the stock indices.

If Apple gaps down on the open a potential island reversal(top) will be in place.... with Goog's sell off in overnight trading this is a very real possibility. Is anyone willing to short Apple?