Elliott Wave and standard technical analysis. Special emphasis on the major indexes and ETFs.  Charts and instruction for the beginner and experienced trader.

       

You may also want to join my Trading Pit where you can read my in depth Nightly Updates. You can also attend the live chat room with Play by Play commentary and 10-20 updated charts throughout the trading day.  Be the first to know when the markets are about to turn.  Spend the day with other expert traders and those learning to be.

Please go to "Become a Member" to learn about the benefits of membership.

Welcome to Index Insight

  

What would it be worth to you to know what the stock market index levels will be next year, month, week, day or hour. Here at Index Insight I am calling the index direction and target prices with what many call "amazing accuracy". I do not recommend individual stocks but rather focus on the direction and target of the market. You can trade your favorite ETFs, indexes, index options or your favorite widely held stock.  You can with confidence play long or short, puts or calls because you have a high probability knowledge of where the markets are going.

Traders

Knowing with a high degree of probability the direction and target for turns in the market will give you the advantage.  It will make all the difference in your balance sheet.  As your confidence grows in my ability to call the markets you will let your profits run rather than cutting them short in fear of losing them.

I have been a trader for 30 years and know the emotional struggles that plague a trader.   That is the reason I have live chat so I can talk you through the fear and greed that causes traders to make mistakes.   We all know the rules but following them is another issue.  I will be there with you to talk it through and help you look at the market action  from an emotionless  standpoint.

My motto is "stay with the most probable until it becomes impossible". My calls are based on the highest probable outcome. When the highest probable outcome fails I know it early and know the next most probable course.  By consistantly playing the highest most probable move you cannot help but be a winner.

In those rare times where a  move is completely in doubt I recommend doing nothing. Cash is also a position. I have learned that the market will still be there in the afternoon or the next day or next week, depending on your particular time frame.

I also recommend that no one do anything that makes them overly uncomfortable.   I believe that with my help you can become a successful trader whether you trade occasionally or several times throughout the day

 

  

401K

If you knew the direction the market was going to take and had a high probability target for tops and bottoms you would save yourself from loses and increase your profits. By simply being in the market when it is going up and out of the market when it is going down you will build on your savings at a higher rate than you ever believed possible.

Most 401K plans have a high beta fund and a money market fund in their mix of funds. Most 401K plans allow you to move from one fund to another. You can take advantage of advances in the market by being in a high beta fund and protect your savings in a money market fund during market declines. 

Most financial advisers have three lines in their mantra.  Here is one of them.

"Invest for the long haul." The thinking behind this is the fact that over long periods of time the markets have always gone higher.

Let's talk about the last ten years . The S&P 500 was cut in half in the decline from March 2000 to the bottom in October 2002.  It then climbed for five years until October 2007 only to arrive at the same level as before the decline. Many facing retirement lost half of their savings in the decline.  The Nasdaq has never completely recovered after hitting bottom 5 years ago.

Why ride the market down in hopes it will recover and only get back to even over a ten year period?  What if you do not have TIME for the long haul?

The high probability forecast I will give you will help you decide when to be in the market and when to be out.

 

© 2008 Index Insight 

 

INDEX INSIGHT       Stock Market direction and targets by Paul Strunk

I post up to 20 charts per day in the subscriber's Trading Pit.  They focus primarily on short term market movements.  I give targets for each short term wave that I think will surprise you with their accuracy. Give it a month and if I don't deliver drop your subscription and lose very little.  Weekend updates include Intermediate and long term forecasts.  To gain access to the chat room and enjoy live chat all day every day,  click on "Become A  Member" in the top menu.

In combination with Elliott Wave Principal I use the standard forms of Technical Analysis coupled with a constant focus on geopolitical and economic fundamentals.

Years ago my best guess was that Grand Supercycle wave [IV] would follow this pattern.   It has proved over the years to be a very accurate forecast of the wave structure.   Since its inception the labels and structure has never been changed.   Based on all evidence present at this time I believe this to be the most probable market course for the next year or so.  Charts updated on 4/11/2012

The correction from 1220 to 1074 was a long [ABC] flat 3-3-5 correction of the five wave advance from 667 to 1220.  

The final phase of this correction should begin from near 1600.  We will decline in 5 cycle waves to below 760 on the S&P.   Please see the illustrated chart to see where we are in this Grand Super Cycle wave correction [IV]. 

On the illustration below the prices in yellow are actual and the prices in blue are projections.   Note we are nearing the end of Primary [4] of cycle c of super cycle (b). 

Click on CHARTS in the menu to view a close up of the daily count. Last update 5/6/2012