Search found 57 matches

by Phong Tran
Thu Oct 06, 2022 2:27 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 16777215

Re: Financial topics

Here's something I've been thinking about as well. The boomer generation's entry into the workplace basically caused the increase in capital markets and consumer demand in the west. As the years continue and the boomer generation passes away, their assets get passed down to their inheritors. It's fa...
by Phong Tran
Thu Oct 06, 2022 10:40 am
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 16777215

Re: Financial topics

Either way, this is the general characteristic. My prediction is bouncing, new lows created as you say, and then a bear rally again into January, when the real SHTF. Phong, what's your prediction, roughly, month by month from here til next June? Where will be the bigger relative highs and lows, if ...
by Phong Tran
Thu Oct 06, 2022 6:07 am
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 16777215

Re: Financial topics

I calculate the October month pivot at 3760. A few closes above 3760 could indicate a continuation of the bull, but I suspect that your strategy of slowly building up shorts is probably the right one. Yep, today looks like a definite impulsive down to start Wave 5. Pre-market already breaking 3760,...
by Phong Tran
Mon Oct 03, 2022 9:45 pm
Forum: Finance and Investments
Topic: Fourth Turning aligning with Elliott Wave Supercycle?
Replies: 39
Views: 97008

Re: Fourth Turning aligning with Elliott Wave Supercycle?

How long does the last blow off top happen next year before the big leg down for several years? Do you mean the current up arrow on the S&P chart between Feb-Mar? It could even be shorter, probably only really lasting a week or two. Unless you meant something else, sorry the question is slightly co...
by Phong Tran
Mon Oct 03, 2022 9:41 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 16777215

Re: Financial topics

Found this interesting video about Hurst Cycles. Never heard of it before but the cycles for the next couple market troughs are similar to my own thinking, late October to early November for the end of Wave 1 of III and March 2023 for the possible III of 3. The theory seems to think that the next be...
by Phong Tran
Sat Oct 01, 2022 8:12 am
Forum: Finance and Investments
Topic: Fourth Turning aligning with Elliott Wave Supercycle?
Replies: 39
Views: 97008

Re: Fourth Turning aligning with Elliott Wave Supercycle?

https://pbs.twimg.com/media/Fd-wheKWYAE7iU8?format=jpg&name=4096x4096 Just playing around with some counts and thoughts for SPX, DXY, WTIC and GOLD between now and March 2023. We know after the full wave 1 of III finishes that we should have another bear market rally before the final plunge of wave...
by Phong Tran
Fri Sep 30, 2022 3:49 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 16777215

Re: Financial topics

Looks like we're going sub 3600. Ya, I'm out of the market at the moment. I'd rather wait until a more definite trend than try to get another 3-4% trying to time the bottom of a wave count. It's harder as well that I'm trying to trade the Canadian TSX Composite, it just doesn't follow the US Markets...
by Phong Tran
Thu Sep 29, 2022 11:41 am
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 16777215

Re: Financial topics

Image

(3) could be over in a truncated 5th wave capitulation or this down move could be sub-minute wave (i) of minute wave ((v)) and we see sub 3600. I'm leaning towards end of (3). What do you guys think?
by Phong Tran
Thu Sep 29, 2022 8:39 am
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 16777215

Re: Financial topics

08:30 AM US GDP Growth Rate QoQ Final Q2 -0.6%
08:30 AM US Initial Jobless Claims 24/SEP 193K

GDP negative again and US Jobless claims lower than what the market wanted?
by Phong Tran
Fri Sep 23, 2022 5:06 pm
Forum: Finance and Investments
Topic: Financial topics
Replies: 29822
Views: 16777215

Re: Financial topics

When's the (5) done? I see it going towards 3200. I think Soloway sees a drop towards 3500, which is another 5% from here, and we are down 1.6% today as I write this at 11:30 eastern time. I'm eyeing some support around 3350 or so. I know there's still the count that we're still in an ABC correctio...