Author Archives: Mark Rivest

Long-Term Elliott Wave Count for Gold

The action of Gold in the last several months suggests it could be basing for a large bull market that could extend far beyond 2023.  The long -term view of Gold gives us a starting point of what could develop in the coming months and years.  The monthly Gold chart courtesy of Trading View showsContinue reading “Long-Term Elliott Wave Count for Gold”

Natural Gas May Have Bottomed on – 02/17/23

The 02/12/23 blog “Natural Gas Bottoming Signals”  illustrated evidence from all four market dimensions that Natural Gas could be forming a major bottom.  Elliott wave analysis now indicates a major bottom may have been made on 02/17/23. Natural Gas (NG1!)  weekly continuous futures chart courtesy of Trading View illustrates the long- term Elliott wave count.Continue reading “Natural Gas May Have Bottomed on – 02/17/23”

Watch the Channel Lines – Part – Two

The 02/14/23 blog noted that if the Dow Jones Industrial Average (DJI) broke below channel line support at 33,581.42 it could open the door for a move down to at least 33,000.  Early in the DJI 02/17/23 session there was a break below channel line support.  The bears had almost an entire session to smashContinue reading “Watch the Channel Lines – Part – Two”

Watch the Channel Lines – 02/16/23

The 02/14/23 blog “Fascinating Elliott Wave Pattern – Part – Two” illustrated that the Dow Jones Industrial Average (DJI) may have completed an Elliott – nine- wave – Horizontal Triangle.  Today, 02/16/23 the DJI broke below the 02/14/23 bottom.  The nine – wave Horizontal pattern is still valid, however additional downside action could change theContinue reading “Watch the Channel Lines – 02/16/23”

Fascinating Elliott Wave Pattern – Part Two

Today 02/14/23 the Dow Jones Industrial Average (DJI) made an early session high at 34,331.47 then decline for about 90 -minutes bottoming at 33,824.45. This could just be a small inconsequential drop.  However  viewed from an Elliott wave perspective it could be the completion of a pattern that began on 01/05/22. The daily DJI chartContinue reading “Fascinating Elliott Wave Pattern – Part Two”

Natural Gas Bottoming Signals

An enormous amount of evidence indicates the Natural Gas bear market since August 2022 could be at or near completion. For six months Natural Gas has declined 75% wiping out more than a year of upside progress. Could there be more downside action?  Perhaps, but an examination of evidence from all four market dimensions suggestContinue reading “Natural Gas Bottoming Signals”

   Price Forecast for UK 100 – Major Top

Elliott wave analysis of the UK 100 (UKX) illustrated in the 02/04/23 blog “Rule, Britannia!” indicated that the long, intermediate and short – term UKX bull trend could soon reach a climax.  Fibonacci and trendline analysis provides clues as to where a major UKX peak could occur. The monthly UKX chart courtesy of Trading ViewContinue reading ”   Price Forecast for UK 100 – Major Top”

Fascinating Elliott Wave Pattern

From the bottom made on 10/13/22 to 01/13/23 the Dow Jones Industrial Average (DJI) retraced about 71% of its January to October 2022 bear move.  The DJI upside performance was far stronger than the S&P 500 (SPX)  and the  Nasdaq Composite (IXIC).   Then from 01/13/23 to 02/08/23 the DJI underperformed  both the SPX and IXIC. Continue reading “Fascinating Elliott Wave Pattern”

How to Use Point & Figure Charts

Point and Figure (PF) charts are a way to visualize price movements and trends in an asset without regard to the amount of time that passes. The columns of X’s represent rising prices.  Columns of O’s represent falling prices.   This method has been used for more than 130 years and is an excellent tool toContinue reading “How to Use Point & Figure Charts”