Economic Trends

Long-term trends grow from short term trends. We attampt to determine the short term trends and where they are pointing.

DJIA Priced in Gold: What It Means for the Long-Term Trend

One of the best ways to get a true view of where the market really is involves looking at it denominated in something else other than dollars. One of the most interesting tools (and least discussed in the financial media) is the DJIA priced in gold — “the real money,” as Robert Prechter calls it. […]

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The Fed and “Plunge Protection Team”: Are They Manipulating Stocks?

Rumors are, the U.S. government “is propping up the stock market.”   By far, the most frequent question we’ve been asked recently is: “What is your take on the persistent internet chatter that the Federal Reserve is holding up the stock market via QE2, POMO, etc.? How can stocks ever decline again if the Fed

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Head and Shoulders Stock Market Pattern: Still Valid?

A Multi-Year Technical Analysis Pattern “Bears” Watching By Robert Jay   Earlier this year, EWI’s Robert Prechter described a “head and shoulders” pattern in the Dow Jones Industrials, saying it started in 1998 and is still unfolding. Here’s an extended excerpt of Prechter’s commentary on this important pattern, from his April 2010 Elliott Wave Theorist

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Just Your Average 300-Year Bear Market?

Long-Term Trend Forecasting is Actually Easier than Short-Term By Robert Jay Most people who analyze the present give too little thought to the past, even when previous decades or centuries offer acutely relevant information.   This is particularly true in the financial world, where short attention spans are chronic. A Sept. 9 article in The

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