Dow about to take a dive

The entire formation from Mar 2009 to Aug 2013 has the right look of a idealized Elliott Wave major double zigzag correction. Here is the textbook version of what this type of correction should look like. After a major correction such as this is completed we should expect the downwards trend to continue. Now look…

Asean Alert

There are remarkable similarities between certain Asean Market Indices today and just prior to the 1987 crash in the S&P500. Just take a look. The crash C wave is about to hit Asean Markets over the next few weeks. At the time of writing Asean currencies are also weakening and will continue to do so…

Bursting of Internet Bubble 2.0

The Nasdaq has just traced out an enormous 10 year corrective wave following the 2000-2003 first dot com bust. We are surely going to see another another dot com bust 2.0 and with Tech stocks such as Apple, Google, Facebook, Tencent, Linkedin etc all at ¬†extremely stretched valuations the chances that we will do so…

The Coming Stock Market Crash

There is an uncanny resemblance to the stock market today and in 1973, where the market proceeded to drop around 50% over the next 18 months. In the chart below we can see that both the Dow and the S&P 500 could be tracing out an A-B-C-D-E correction in the shape of an expanding triangle….