JANUARY 11, 2025 – To be quick and to the point, I don’t have a forecast for the stock market for this year. Things just aren’t as clear as they have been over the past 3 years. The last 3 years were pretty easy to forecast. You didn’t even need my analysis. You could have simply done the opposite of what 99% of economists were saying to do:) As they say, weathermen are so grateful that economists exist:)
In summary, go back to my January 9, 2024 post about the DOW. It peaked on December 4th at 45,074. I had provided how the Elliott Waves for the DOW would play out and the top could be at the specific targets of 44,214, 44,256, 44,298, and 45,598. I also said the Bull Market had 6 months left with 9-15 months likely. The current top occurred 11 months later.
Although, this forecast wasn’t exactly perfect like my election forecast, I think it was pretty darn close.
As with my election forecasts, I am mulling over foregoing future stock market forecasts. The goal when I started this blog was to help people see how useful the Elliott Wave Theory (EWT) and Socionomics can be in forecasting the future. Personally, I believe I have proven my point. Albeit, most people will never follow EWT or Socionomics. I have used them to guide my life for 45 years now. I have no complaints. Much better than listening to economists and pundits:)
A few months ago, I believe I discovered the Holy Grail of stock trading. It only took me 50+ years to find something like this. So, I am going to focus on it from here on. Putting my entire retirement on the line. And wondering if some rich person wants to pay me several million dollars for an exclusive to this trade:) We shall see. I believe it is worth way more than that though. My contact info can surely be found on the web:)
Please visit ElliottWave.Com (Robert Prechter’s service…do not try out any other services claiming to follow the EWT). I can only lead you all to this way of forecasting the markets and investing based on it. It is up to you from here.
Best of luck. Happy New Year!
Shalom,
The Mann