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- TRACK RECORD
At the end of the day, great success in the market only occurs by quickly
determining and trading the dominant market trend. Here at Wavespeak, we’ve consistently kept subscribers on the right
side of the market since the start of 2003. We have forecasted almost every major market turn during this period. Here are
five of our forecasts made since the start of 2004:
- January 29th,
2004, the day after a high that would stick for seven months was recorded, leading to a 8.5% decline:
“Today’s
move confirms that the recent up leg is complete, and that immediately raises the possibility that entire rally has ended
and a more significant high is in place. Look at the facts. We’ve expected a five-wave decline to take shape from November’s
low, and now we have one. We have expected to see the Dow move into the 10,700’s, and that has occurred as well. Now,
we have broken important support a day removed from the high, and a previously unknown weakness in the market has been exposed.
It is a very real possibility that something larger to the downside has just now begun.
- August 13th, 2004, the exact day of the biggest low that occurred since
bear market lows were recorded, leading to a 16% advance:
“Something is afoot in the major market indices. Whether
the decline ended today or will do so early next week, a turn is pending – and it could prove to be a significant one.
We see a number of things coming together to support this. Most are potent indications that portend more than just a slow
rise once a low is found. In addition, price action is intriguing here to be sure. We could be there – a low could be
in for wave 5 down, for the entire impulse down in August – and possibly for the entire decline (off the February 2004
high). …These readings are indicative of a market ready to take off to the upside. This suggests were not dealing with
a minor low here. …We expect a low for this decline to be found shortly if one is not already in. This low could be
very big, kicking off a brand new uptrend.”
- January 25th, 2005, the first day of a multi-week 5.5% rally that would
carry the indices to new multi-year highs:
“We have been in a decline since the first day of 2005. This move has
been strong and relentless – and very fun in terms of profits. As recently discussed, we have believed that this decline
would ultimately prove corrective and resolve to new multi-year highs. This is now applicable. Yesterday’s decline put
us in a place where we had not been in 2005 – a place where a low was possible.
…A number of indicators
and price indications support a significant low at yesterday’s close. We must stay above yesterday’s low if this
is the case. As long as we do, it will indicate that the largest bounce in 2005 has begun.”
- April 17th, 2005, two days before a multi-month rally carried the indices to another round of new
multi-year highs via a 9.5% gain:
“The declining pattern from March’s high is a clear three-wave affair at
the close tonight. The indices have carried to the point where the current decline is almost equal in size to the decline
in March. They have also carried to key 61.8% retracement levels, which is significant support. The SPX is testing its 200-dma.
Weak breadth has carried the Advance/Decline Ratios below the lower bands of their historical ranges. This is a market condition
not seen since August 2004, when the last major low was recorded. If this declining pattern is a countertrend pattern as I
have contended, it is very close to here where an important low is left behind and the next trek to new multi-year highs begins.
- October 18th, 2005, the day of the first minor low after an important
low was recorded three sessions earlier, leading to a multi-month 13.4% advance:
“The only objective labeling
of this movement dubs October’s decline the ending pattern to the recent 2.5 month decline. The decline tested major
support, leading to a bounce. The bounce has taken a trending form. All of this is occurring alongside technical readings
that have only been seen at major lows, while other indicators are issuing new buy signals. These are all facts. We expect
higher levels ahead as price moves back to more new multi-year highs from here.”
These forecasts and many
more like it are now available to you real-time for an unheard of price. Come join us and see for yourself!
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