Thursday, January 30, 2020

end of Jan 2020

(end of 20 week cycle mid Feburary? )


  1. Do you expect a major decline?
    A crash?

  2. A correction (20% down) seems likely

  3. Thank you for the much needed update.

  4. No way will the markets go down by 20%. The correction will be done this week or the next.

  5. Are you saying down as of mid February?
    Or deepest point at mid February?

  6. The majority of the correction is over. There maybe one or two more retracement down days (SPX will not go below 3,200) this week or the next and off to the races till summer - say September where we will have a much bigger correction. This is the final 5th Elliott wave - exuberance phase. DOW can go to 34,000 to 35,000 by 1st quarter of 2021 or even higher.

  7. Suren 'reply' is written as an absolute.

    63% of the Trump Presidency 02042020.

    Percent Gain & Loss from 01222018 ‘2 year trading range’.

    01222018 high point:

    VALUG –4.7%

    NYA +3.6%

    SPX +15.4%

    INDU +8.5%

    TRANS –1.0%

    GDOW –1.1%

    RUT +5.5% -2.0% from its all time high

    NAS +24.6%

    The Trump Presidency is today 1170 days as of 01172020.

    Kept up the good work at your site, I enjoy it.

    All the best.