Market Direction Mid Week Update©

Market Direction: BULLISH alert issued 11/10/2016

Elliott Wave Theory... 

Investors have been spoiled. The last bear market ended over eight years ago, and even the memory of the last 10%-plus correction, in January-February 2016, has been erased by relentless gains since then.

But based on one market-cycle forecasting tool, investors should brace for a tumultuous lost year. This lost year may include a frustrating trading range, another rally higher and a violent reversal.

As implied by the term “lost year,” the net gain over the next roughly 12 months is likely to be zero (or less).

How credible is this prediction? It is made by the same indicator that pinpointed the February 2016 low (when the S&P 500 SPX, +0.54%   traded as low as 1,810) and the strong post-election rally.

Exotic but effective

Few indicators are more polarizing than Elliott Wave Theory. Some love it, others hate. Unlike most indicators, which are lagging, this theory aims to predict. This is a lofty goal, and in recent years it has done well, and deserves investors’ attention going forward.

The Feb. 11, 2016 Profit Radar Report listed six reasons why to buy. One of them was the Elliott Wave Theory.

The Aug. 28, 2016 Profit Radar Report published the two forward projections below and stated:

“The two main reasons we want to buy in the foreseeable future is:

1) The breadth thrust off the June low

2) Bullish Elliott Wave Theory potential

The three most likely Elliott Wave Theory interpretations are all bullish. The question is not if, but how much and for how long.

$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at  $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, email us. Share with a friend.

The all-time highs since our initial recommendation to go LONG this market. Here is how the markets have performed:

Stock Market Direction Recommendation (11/10/2016)
Dow	up 2,873.65 points a 15.28% gain	7/14/17
Nasdaq	up 1,178.93 points a 22.63% gain	7/19/17
S&P 500	up 306.35 points a 14.13% gain	7/19/17

Related Link: http://www.stockmarket-direction.com/