Entries by Dave Banister

The SP 500 Enters Major Correction Period

Market close to confirming new correction David A. Banister- www.markettrendforecast.com 1685 support is KEY! The SP 500 has been on a tear since late 2012 with the SP 500 bottoming at 1266. The rally though we have been charting out as part of a “Primary wave 3″ uptrend for this Bull market cycle from March […]

Aug 1- Our Latest Market and Gold Views

We have continued to correctly project the wave patterns for months now at TMTF for our subscribers in the SP 500 Index.  Our latest views were to look for a minor wave 3 top at 1698 with a pullback minor wave 4.  We hit that on the nose with a 23.6% fibonacci retracement of minor […]

GOLD should be completing a cyclical low in February

David A. Banister www.markettrendforecast.com Over the past 5 calendar years we have seen GOLD either complete an intermediate cyclical top or bottom in each February.  My forecast was for February of 2013 to be no different and for Gold and Silver to make trough lows this month.  With that said, I did not expect the […]

Precious Metals and Stocks poised to ramp higher in 2013

David Banister- www.MarketTrendForecast.com  Jan 22 2013 It’s been a long drawn out corrective affair with the precious metals since the August-September 2011 top that seems so long ago right now. During that last spike period where Gold rallied to just over $1900 per ounce, we had mentioned many times in articles and to our subscribers […]

A Technical Update on the Mini-Crash in GOLD

David Banister- www.MarketTrendForecast.com Let’s make one thing clear; nobody I know including myself predicted that Gold would drop from 1690 to 1625 inside of 48 hours this week. That was not in the charts and so I won’t even pretend I was going to see that train coming through the tunnel. With that said, let’s […]

Gold Should Be Nearing A Major Bottom

David A Banister- www.MarketTrendForecast.com The recent rally in Gold took the metal from the 1620’s to roughly 1800 per ounce before the ensuing corrective action began.  Back around October 20th we warned our readers about a likely “ wave 2” correction in Gold and we had several reasons for that warnings.  One of the biggest […]

SP 500 at Crucial Cross-Roads

SP 500 Index at a Crucial Crossroad David A. Banister- www.MarketTrendForecast.com Dec 3, 2012 We had an interesting 131 point SP 500 decline from the summer-fall highs of 1474 to the recent 1344 lows. Interesting because in the work that I do, we focus on crowd behavioral patterns, sentiment, and Elliott Wave Theory. There is […]

US Dollar and Market relationships near term

Nov 28th- David Banister- www.themarkettrendforecast.com The SP 500 is likely to pullback from a 66 point rally off the 1343 pivots. Those pivots were right at a Fibonacci fractal retracement of 61.8% of the Summer rally.  That rally ran from 1267-1474 as we all know in hindsight, and the correction was a normal correction within […]