Googling That Line of No Return

No surprise, Neely's River sees more meandering, not a sharp decline; and Hochberg's STU sees us in a final C of a double abc.  But they both remain bearish, just not yet.  Dollar may be in its final thrust down, but Euro seems to have a bit more up/down/up to go.  Sit back and see what Google announces.  Their click rate has softened, and this may mean they are not recession-proof; but Google has been saying they have been increasing quality of clicks, and in a recession the ad budgets should tend towards the measurable (Google) from the amorphous (TV). 

Comments

[Mamma Boom Boom]

[[But they both remain bearish, just not yet.]]

Just what I said, the other day.

[Upstart]

I say again: Each week brings more confirmation that the 3.3-yr. cycle bottomed. Prechter recognizes this cycle, but he's behind the curve.

[Mamma Boom Boom]

The time has come! The next several weeks should present good trading opportunities.

Here is my latest market predicion: http://www.bushongbusiness.com/opinion.html

[Dow Theory now on Bull]

Dow made a higher high then February which puts the Dow Theory on Bull, the first since 2003.

[Hank Wernicki]

All the Market Fractals are Bullish ...

[ADHD]

Fascinating, having not checked into this excellent blog for a good long time I see that Duncan's excellent meta-analysis continues, but we have exactly the same "stuck record" from the big forecasters. It feels more and more like a step back in time when I check in with what they're saying.

I mean come on man, if the forecast is so permanently one thing, what's the point in making it!!!

And every recount is merely a new way of saying exactly the same thing!!!

"Don't tell me what to buy, tell me WHEN to buy it."

Anyway, we're all experts on credit cycles and fiat currency now, so it kind of renders Elliott to second place, if that :) :) :)

[EN]

Wave theory, eh?

If we do go into another massive wave down that breaks the yearly lows, it should start in late april or early may and end at a lower high than the absolute high from this rally off of the yearly lows in SPX. We likely need several days of distribution. Then, it will look like a 5 point reversal, birfurcating on the third lower high (thus resembling a triangle but breaking out of the bottom of it). The big, fast moves almost never start from an absolute high or low.

Should be interesting action the next month.