Superstars of the 2009 – 2014 bull market


Consumer Borgwarner – BWA: Autoparts: Fuel economy standards and improved emission drives growth. P/E (12/14E) – 17.7x Footlocker – FL: Athletic Apparel: Fitness theme. P/E (12/14E) – 15.0x Fossil – FOSL: Watches & Lifestyle. Collection of different brands eg. A/X, Diesel, DKNY, Adidas. 44% of US Market. Growth of Fossil outstrips that of industry. P/E…

Patiently waiting for the top

Patiently waiting for the top

It has taken another 6 months for the Dow to continue its rise, which is far longer than we have anticipated. However, the long term pattern still holds and the updated Supercycle top wave count is below. It is our current view that we are currently tracing out wave D of a Supercycle Degree triangle….

  • Apr 24, 2014
  • INDU, US
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Could the Dow Industrials be hitting a Grand Supercycle Top?

Spinning Top i

It is possible that the Dow Industrials is currently hitting a Grand Supercycle Top. As you can see based on a historic stock market chart from 1900 – 2013¬†below, Aug 2013 marks the high of a series of tops of different degrees – all the way up to a Grand Super Cycle Top. Our¬†Wave Count…

  • Sep 8, 2013
  • Asia, Europe, INDU
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Dow about to take a dive

Helicopter 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…