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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Predicting Markets is Like Forecasting the Weather

Stock-Markets / Stock Markets 2018 Oct 01, 2018 - 01:16 PM GMT

By: Brad_Gudgeon

Stock-Markets Last week, my forecast was for a dollar rally, (which we are in the midst of) a drop in the mining indexes into around Oct 4/8 (going down since Tuesday) and a top on Sept 21 on the SPX and down into around Oct 8th.

The lack of any real selling on the stock market since the Sept 21st top leads me to believe the bottom is going to be further out than I thought.  Now my forecast is for a bottom around Oct 17th (based on the 4 year cycle Oct ’14).  I still think we hold to a 5-6% decline on the S&P 500 (SPX 2792).


Once the mining shares bottom and the dollar tops (Oct 4-8), there should be a solid rally in the miners and a good sized drop in the dollar into around Oct 17-19.

9_30_18_spx_daily.png

9_30_18_gdx_daily.PNG

9_30_18_dxy_daily.png

The way things are looking now, the stock market could fall from the Venus sq. Mars point (Oct 10-11) into the 17th pretty hard.  The dollar should begin to fall around Oct 8-10 and this is when the miners should rally strongly into around the 17th.  I don’t know if this will be a crisis or what, (the dollar falling AND the stock market falling with the PM’s going up), but at this point in time this looks probable. Below is a cycle chart of gold pointing to an October top.

GOLDgrcycl.png

The 40 week low from Feb 9, 2018 is still valid, (at least I think so) and is still due in November 2018.

Speaking of weather, my site (http://eaglesoveramerica.com) has an interesting video on the ShockWave Media Center free page with Piers Corbyn,  reknown meteorologist, and his forecast is that we are going into a mini ice age like the Maunder Minimum. So much for global warming!

Also, I have downloaded the interview I had with Daniel Roy Baron of Win4News on September 29, 2018.  It is a 77 minute interview where I talk about what is coming (the stock and bond market crash); the social implications; the coming war in the Middle East and Europe; the coming “Mini Ice Age” and implications; when I began my journey into studying Elliott Wave and Cycle Theory, my conversion to Christianity and my purpose, why I started Eagles Over America; why we need to set up communities to survive and more.

Brad Gudgeon

Editor of The BluStar Market Timer

www.blustarmarkettimer.info

The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014, competing with over 1600 market timers. This occurred despite what the author considered a very difficult year for him. Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The website is www.blustarmarkettimer.info To view the details more clearly, you may visit our free chart look atwww.blustarmarkettimer.com

Copyright 2018, BluStar Market Timer.  All rights reserved.
Disclaimer:  The above information is not intended as investment advice.  Market timers can and do make mistakes.  The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information.  This article is intended for educational purposes only. Past performance is never a guarantee of future performance.

Brad Gudgeon Archive

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


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