Seeking Alpha

Schweizer

Schweizer
Send Message
View as an RSS Feed
View Schweizer's Comments BY TICKER:
Latest  |  Highest rated
  • The Senate comes together to vote 96-0 for Bernie Sanders' unprecedented one-time audit of Fed programs. The amendment also calls for releasing the names of institutions that got loans at the peak of the crisis.  [View news story]
    Obama wanted only a one time "disclosure" rather than an audit, so in essence the FED can supply a report, and it is manly a way for Obama and the dems to slam BUSH for his actions/inactions.

    The ongoing audit (Vitters amendment) was voted DOWN by the Dems today.

    That is the real story folks. Perhaps SA needs to do better reporting!

    Now it goes to conference.
    May 11 12:45 PM | 4 Likes Like |Link to Comment
  • Market Character Has Turned, But the Correction Might Be Over [View article]
    Well, a bit of wishful thinking, - typical at the top of the "Hopium" rally.

    The $USD Elliott Wave analysis indicates the dollar is on a major push higher. Equities will drop hard in the process.
    www.youtube.com/watch?...
    Feb 10 06:32 AM | Likes Like |Link to Comment
  • Is the Risk Trade Back On? [View article]
    Agree!

    Elliott Wave analysis on thr $USD indicates a huge move ahead, so yes, the Euro is in deep trouble as a result.
    www.youtube.com/watch?...
    Feb 10 06:15 AM | 2 Likes Like |Link to Comment
  • Friday's Market: What Drove the Sudden Turnaround? [View article]
    The elliott wave count has this next leg down going to about 978 rather swiftly.
    Feb 8 12:18 PM | Likes Like |Link to Comment
  • Weekly Market Recap: Keep an Eye on the Dollar [View article]
    The $USD is in a Primary wave 3 up and it is only getting started.
    This is an excellent video on what is unfolding with the $USD:
    www.youtube.com/watch?...
    Feb 6 01:54 PM | 1 Like Like |Link to Comment
  • Shanghai Market Breaks 200 DMA: Buying Opportunity or Trend Indicator? [View article]
    In 1929, the DOW was 381 when their debt bubble burst. The market sold off hard to 198 then rallied 50% to 250 into May 1930. They thought the worst was over, then the market proceeded to decline for 2.2 years all the way to 42 on the DOW in 1932. That was a -89% decline from the top.

    We are on virtually the same path, and I expect (as does Prechter and others who study waves), for the SP500 to bottom in the 100-200 range.

    You might think this is rediculous but no one would have believed the SP500 would drop from 1576 to 666 had they heard that in 2007.

    Bear markets exist to fix problems in the financial system/culture. We won't come out of this until the the cultural debt addiction is purged at every level.
    Jan 31 03:00 PM | 7 Likes Like |Link to Comment
  • Shanghai Market Breaks 200 DMA: Buying Opportunity or Trend Indicator? [View article]
    The $CRB is gunning to take out its 200DMA too.
    Jan 31 12:27 PM | Likes Like |Link to Comment
  • Shanghai Market Breaks 200 DMA: Buying Opportunity or Trend Indicator? [View article]
    Yup, the $SSEC had a fibonacci 38.2% bear market rally and are entering intermediate wave 3 of primary wave 3 down, that will take out the old lows in 1/3rd the time it took for the bear market rally to grow - so roughly 5 months. All world markets are beginning to follow as evident this last week. The money pros are selling as they know it's game-over.
    Jan 31 08:12 AM | 5 Likes Like |Link to Comment
  • 1929-32 Market Decline Has Almost Been Repeated [View article]
    Thanks Mark. I have stayed short while others have been expecting a big bounce off support, but support keeps failing as it did back then. 1030 will hit next week most likely, then a little bounce, then a deeper dive as shown - likely to our 200dma on the SP500.

    This chart maps out Minor 1 and Minor 2 waves from 1930 from an Elliott Wave perspective. After that it gets really ugly as the 200dma fails to hold. Some asian markets are already at their 200dma and this might speed things up.

    Good luck
    Jan 30 05:14 AM | 1 Like Like |Link to Comment
  • 1929-32 Market Decline Has Almost Been Repeated [View article]
    Want to know how we are doing from the 1930 top vs. our 2010 top?
    Here ya go! (just updated as of today's close).

    i49.tinypic.com/9j2jow...

    I expect the form to be very close but not match day-for-day. I have done this all the way out to 1932 to extract the Elliott Wave form because I expect the form and proportions to be very similar and we will lose a full 89% from the 2007 top in real terms when all is said and done (and not relative to gold).

    What was interesting in entering the data for this was that back then they traded 6 days a week!
    Jan 29 04:29 PM | 1 Like Like |Link to Comment
  • 3 Reasons the S&P Has Peaked for the Year [View article]
    Then Prechter doesn't either.
    Jan 29 01:17 PM | 3 Likes Like |Link to Comment
  • 3 Reasons the S&P Has Peaked for the Year [View article]
    You are alone in this Elliott wave count.

    Experts in the field have the ABC bear market rally from the March lows as have completed and we are in a primary wave down now.
    Jan 29 09:37 AM | 7 Likes Like |Link to Comment
  • 3 Reasons the S&P Has Peaked for the Year [View article]
    This is playing out precisely like the roll over in 1930 after their 50% hope rally. No retraces, no place to time a short entry, and a bleeding sense each day as prices continually slide south. It didnt stop until 1932 after losing 89% from the top.

    Nothing really has been fixed, and thus odds favor a very similar profile for stocks as they had in 1930-1932.

    Bernanke will soon realize that printing money and bailouts does not equate to an economic recovery. He has made things worse and that is what history will show.
    Jan 29 06:17 AM | 15 Likes Like |Link to Comment
  • Dollar, Shanghai Market Threatening 200 Day Moving Average [View article]
    The percent of SP500 stocks trading above their 50dma has dropped from 85% to 44% in one week.

    Welcome to Primary wave 3 down. Elliotticians predict the 666 low will be breached within 3 months.
    Jan 28 09:26 AM | 2 Likes Like |Link to Comment
  • New Home Sales Drop Back Near All-Time Lows [View article]
    And the vast majority of those homes built in the last 8 years are underwater.
    Jan 27 11:33 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
276 Comments
795 Likes