Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Dow Forecasting Neural Nets, Crossing the Rubicon With Three High Risk Chinese Tech Stocks - 18th Sep 21
If Post-1971 Monetary System Is Bad, Why Isn’t Gold Higher? - 18th Sep 21
Stock Market Shaking Off the Taper Blues - 18th Sep 21
So... This Happened! One Crypto Goes From "Little-Known" -to- "Top 10" in 6 Weeks - 18th Sep 21
Why a Financial Markets "Panic" May Be Just Around the Corner - 18th Sep 21
An Update on the End of College… and a New Way to Profit - 16th Sep 21
What Kind of Support and Services Can Your Accountant Provide? Your Main Questions Answered - 16th Sep 21
Consistent performance makes waste a good place to buy stocks - 16th Sep 21
Dow Stock Market Trend Forecasting Neural Nets Pattern Recognition - 15th Sep 21
Eurozone Impact on Gold: The ECB and the Phantom Taper - 15th Sep 21
Fed To Taper into Weakening Economy - 15th Sep 21
Gold Miners: Last of the Summer Wine - 15th Sep 21
How does product development affect a company’s market value? - 15th Sep 21
Types of Investment Property to Become Familiar with - 15th Sep 21
Is This the "Kiss of Death" for the Stocks Bull Market? - 14th Sep 21
Where Are the Stock Market Fireworks? - 14th Sep 21
Play-To-Earn Cryptocurrency Games Gain More and Is Set to Expand - 14th Sep 21
The CashFX TAP Platform - Catering to Bull Investors and Bear Investors Alike - 14th Sep 21
Why every serious investor should be focused on blockchain technology - 13th Sep 21
SPX Base Projection Reached – End of the Line? - 13th Sep 21
There are diverse ways to finance the purchase of a car - 13th Sep 21
6 Tips For Wise Investment - 13th Sep 21 - Mark_Adan
Gold Price Back Below $1,800! - 10th Sep 21
The Inflation/Deflation debate wears on… - 10th Sep 21
Silver Price seen tracking Copper prices higher - 10th Sep 21
The Pitfalls of Not Using a Solicitor for Your Divorce - 10th Sep 21
Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
This Boom-Bust Cycle in US Home Ownership Should Give Home Shoppers Pause - 9th Sep 21
Stock Market September Smackdown Coming Next? - 9th Sep 21 - Monica_Kingsley
Crazy Crypto Markets How to Buy Bitcoin, Litecoin for Half Market Price and Sell for TRIPLE! - 8th Sep 21
Sun Sea and Sand UK Holidays 2021, Scarborough in VR 180 3D! - 8th Sep 21
Bitcoin BTC Price Detailed Trend Forecast Into End 2021 - 8th Sep 21
Hyper Growth Stocks - This billionaire is now using one of our top strategies - 8th Sep 21
6 common trading mistakes to avoid at all costs - 8th Sep 21
US Dollar Upswing, S&P 500 and Nasdaq Outlook - 7th Sep 21
Dovish Assassins of the USD Index - 7th Sep 21
Weak August Payrolls: Why We Should Care - 7th Sep 21
A Mixed Stock Market - Still - 6th Sep 21
Energy Metals Build Momentum; Silver & Platinum May Follow - 6th Sep 21
What‘s Not to Love About Crypto Market Fireworks - 6th Sep 21
Surging US Home Prices and Gold – What’s the Link? - 6th Sep 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stocks Stealth Bull Market Quick Update

Stock-Markets / Stocks Bull Market Jun 03, 2009 - 06:16 AM GMT

By: Nadeem_Walayat

Stock-Markets

Best Financial Markets Analysis ArticleIn response to a dozen email requests, this is a quick update to the ongoing Stocks Stealth Bull Market that began in early March 2009.


The most recent analysis of April 26th concluded that the Dow is targeting 8,750 by mid May 2009 which was expected to be followed by a significant correction of 14%, the Dow hit this target yesterday (Tuesday 2nd June) and therefore expectations are now for this significant correction to materialise as indicated by the original chart below.

However, I need to remind readers that we are in a stocks stealth bull market that has already delivered a powerful 35% gain to date, so whilst a stock market correction is expected into the end of June, it is still just a correction against the trend, that has been missed by virtually ALL analysts that either continue to re-write the rules in support of this still being a stocks bear market rally, clutching at straws such as contracting corporate earnings (old news) or attempt to re-write history so as to imply they saw this rally in their rear view mirror as I warned of at the beginning of April and which during this week was most evident in CNBC's "Mad Money Man" Jim Cramer attempting to re-write history to imply that he called the market bottom at Dow 6,500 as the below video illustrates.

My in depth analysis for the stock market that projects a trend for several months will follow my UK economy forecast update, to receive these on the day of publication make sure your subscribed to my always free newsletter.

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Jim Leflar
04 Jun 09, 11:15
Fine forecasting

I'm putting money on your call now. You have been fully correct the last four calls, a better record than any other I can find.

This seems to be the spot where nearly all have become fully open to further bull rising, so ideal for reversal profits by the market makers.

Thank you for the predictions.


Alejandro
17 Jun 09, 19:03
Better understanding

Hello Nadeem, thanks for your postings. Could you tell us how you worked out these calculation you made in a previous post, or alternatively would you kindly point us in the right direction.

' The Dow has rallied from a trough of 6470 to a peak of 8190 totaling 1720 points, key retracement levels are 33% = 7,622; 50% = 7,330; 66% = 7,050. '

or

http://www.marketoracle.co.uk/Article10265.html last paragraph


Nadeem_Walayat
18 Jun 09, 05:38
Forecasting

Hi

There is no one single tool or formula for determining forecasts, the CONCLUSION comes down to taking the WHOLE analysis into account, which typically includes conflicting analysis.

I think this is where many analysts go wrong, as they tend to run with one tool i.e. elliott wave theory.

So the key is using multiple tools AND practice in arriving at unbiased conclusions

Best

NW


GK
28 Jun 09, 06:56
Indian Stealth Bull Market

What is your view on the Indian market? We have retraced almost 61.25 of the entire fall with as many as 5 gaps, including one that is huge (about 9% of the index) without any significant correction. We have recently corrected about 23% of the rise since March and again have started going up in a pre-budget rally. On the economic side, our fiscal deficit is soaring. Do you think the rally can continue without significant correction?


Tariq
29 Jun 09, 16:36
Dow Jones summer correction

Hi Nadeem,

Were now heading into July....

Do you still expect a correction down to 7500?

Thank You


Nadeem_Walayat
29 Jun 09, 17:10
Relative strength

The stock market is currently showing relative strength, which on face value implies it wants to go higher.

However the existing forecast remains intact (14% decline to 7500), as I need to do an indepth update on the stock market to change the outlook, but my immediate focus is on the UK economy which is heading for a severe SECOND recession following the 2010 election.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in