Bigger Than 10% Correction Ahead
The date was March of 2009, the mood was decidedly bearish, Robert Prechter seemed like the lone Bull calling for a rally from that point. And that is precisely what we got.
In April 2010 the mood had changed, the media was Bullish but Bob turned Bearish. In his issue of his Elliott Wave Theorist he says conditions have changed and he is once again sounding prophetic. This is extremely important, the media would have you believe that this is an ordinary 10% correction. Prechter says it is imperative that you act now to protect yourself.
Because of the critical importance of this prediction, for a limited time, you can also visit Elliott Wave International to download the full 10-page April issue, free.
The following article is courtesy of Elliott Wave International. Tim McMahon, Editor
Bigger Than A “10% Correction”?
Every Big Bear Grew From a Cub
May 19, 2010
The famous “10% correction” that market pundits talk about sounds so nice and tidy, so predictable and tolerable. It’s as if this “cute little correction” came neatly wrapped, looked like an M&M candy character, and smiled at you and your family after you open the box.
How Elliott Wave Principle Can Improve Your Trading
The Wave Principle identifies trend, countertrend, maturity of a trend — and more.
by Editorial Staff
The following article is an excerpt from Elliott Wave International’s Trader’s Classroom Collection.
Every trader, every analyst and every technician has favorite techniques to use when trading. But where traditional technical studies fall short, the Wave Principle kicks in to show high probability price targets and, just as importantly, how to distinguish high probability trade setups from the ones that traders should ignore. Continue reading
At $1000 is Gold Expensive?
With Gold over $1000 and at all time nominal high prices many are wondering if Gold is overpriced.
If we look at the inflation adjusted price of Gold we see that even at $1000 it is still only about half-way to its all time highs.
For more information see Inflation Adjusted Gold Price .
But that is just one way to look at the price by comparing it to U.S. dollars. We could also look at its price in Euros or at what the price looks like to the people in China or India. And each of those are based on the values of their currency and how much they are inflating.
But a different way to look at it would be in comparison to the price of other commodities. Theoretically in an ideal world, if the supply of currency is inflating, then all commodities should increase equally.
But in the real world that isn’t true. There are inequalities partially because money doesn’t flow equally initially. Eventually it will even out as traders arbitrage high priced commodities against lower priced ones. Continue reading
Is Prechter of Elliottwave a “PermaBear”?
By Tim McMahon, Editor
I recently was talking to a fellow investor at a conference and I mentioned that we carried quite a few articles from Elliott Wave International on this site. The gentleman I was speaking with commented that he had the impression that Bob Precter founder of Elliott Wave International was permanently bearish and so “eventually he would be right”. Continue reading
What is the “Elliott Wave Principle”?
In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and unrelated, Elliott said, will actually trace out a recognizable pattern once you learn what to look for. Elliott called his discovery “The Elliott Wave Principle,” and its implications were huge. He had identified the common link that drives the trends in human affairs, from financial markets to fashion, from politics to popular culture. Continue reading
The Bounce is Aging, but the Depression is Young
By Bob Prechter
The following is an excerpt from Robert Prechter’s Elliott Wave Theorist. Elliott Wave International is currently offering Bob’s recent Elliott Wave Theorist, free.
On February 23, EWT called for the S&P to bottom in the 600s and then begin a sharp rally, the biggest since the 2007 high. The S&P bottomed at 667 on March 6. Then the stock market and commodities went almost straight up for three months as the dollar fell. Continue reading
Elliott Wave Books
Anyone who has spent much time on this site is familiar with Robert Prechter’s Elliott Wave. His fantastic team has been providing us with individual articles and links to some excellent information over at elliottwave.com.
Their experienced analysts keep a constant eye on the markets, and provide insights into trends that are available nowhere else. What could be better than having someone of that caliber to turn to in times of uncertainty? Continue reading
Can the Government Stop Another Great Depression?
The following article is excerpted from a recent issue Elliott Wave International’s Financial Forecast.
Elliott Wave International (EWI) is offering the full 10-page issue, entitled “The Most Important Investment Report You’ll Read in 2009,” free for a limited time. In addition to the following market commentary, it includes independent forecasts of stocks, bonds, metals, the U.S. dollar and economic trends.
Visit EWI to download the full report, free. Continue reading
