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The Wave Principle in Action

Good evening, At the start of a new bull market investor sentiment is extremely pessimistic. It remains that way in spite of stocks steadily going up. Periodically, the market falls sharply, serving to confirm the pessimism, keeping investors out, usually … Continue reading

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Brain Freeze

We think we believe what we know, but we only truly believe what we feel.–Laurence Gonzales,DEEP SURVIVAL Wags among traders say, “If you’re gonna panic, panic first.” Well, its a little late for that if the Wave Principal’s primary forecast … Continue reading

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When To Buy

Not now, but the question being posed to me by fully invested readers today is “When do we sell?” Answer, “I don’t know!” Trying to decide when to sell based on what the market is doing is an exercise in … Continue reading

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On The Business At Hand

Mania noun1. mental illness marked by periods of great excitement or euphoria, and overactivity“many people suffering from mania do not think anything is wrong” If you’re not scared, you’re not paying attention. Stare at the chart below, then scroll down … Continue reading

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Jim Stockdale 1924-2005

On Memoriam By Rod RothJuly, 2005 “The important thing is not what they have made of you, but what you have made of what they have made of you.” –Sartre Vice Admiral James B. Stockdale (ret.) died June 5, 2005. … Continue reading

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The Probability Problem

The mind wants to know all the world, all eternity, even God. The mind’s sidekick, however, will settle for two eggs over easy. —Annie Dillard, Teaching a Stone to Talk If you are on my distribution list, you got an … Continue reading

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On Being A Sucker

The real trouble with this world of ours is not that it is an unreasonable world, nor even that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is … Continue reading

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On Being A Dimwit

There is no guarantee, no ultimate formula for success. It all comes down to intelligently and relentlessly seeking solutions that will increase your chances of prevailing. When you do that, the score will take care of itself. —Bill Walsh, former … Continue reading

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Dealing With Market Ambiguity

It was the clearest of signals in that first week of October 2018. The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite all could be labeled as having five complete waves at multiple degrees of trend, signaling the … Continue reading

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Sublime Paradox

“…What is involuntary human nature.” This “involuntary” is very true, very beautiful, very well observed, and this observation is new. —Joubert, 1818 Today is Saturday, and a gorgeous day. After the gloom and rain and cold last week, the thing … Continue reading

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