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 is the “Elliott Wave Principle”? Read More »
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.
The Bounce is Aging, but the Depression is Young Read More »
The furious stock rally continues. But if you’re considering adding to your stake in the markets, be careful where you tread.
On July 23rd the percentage of bulls in the stock market, as measured by the American Association of Individual Investors, jumped 10%. And not only did the survey reveal a huge increase in bullish sentiment, the number of investors who see themselves as bearish dropped 11%. In one day!
The furious stock rally continues… But Read More »
When I was a kid my Dad used to complain about people taking a “five fingered discount” referring to those who lifted things that didn’t belong to them. In this article we have Jeffrey Kennedy the Chief Commodity Analyst at Elliott Wave International talking about how the stock market can take a five fingered discount from your portfolio.
The Stock Market’s Five Fingered Discount Read More »
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.
Elliott Wave Books Read More »
Editor’s Note: At this point a lot of ink has been spent on whether stocks are really cheap and if the market will now rally from here. Of course “time will tell” but in order to make money we need to know the answer before that. My personal gut feeling is that we still have another
Simple Timing Tool That Will Help You Protect Your Assets Read More »
By Chris Ciovacco Ciovacco Capital Management “Where observation is concerned, chance favors only the prepared mind.” –Louis Pasteur (1822-1895) How Do You Decide how Much Is a Stock Really Worth? The basic fundamental value in buying a stock or a business is the cash flow it can produce over time. Investors discount expected cash flows
Are Stocks Cheap Enough to Start Buying, Yet? Read More »
Over the years, I have mentioned the “Plunge Protection Team” when markets looked bad and in need of help. It’s existence has been denied by every elected official but the rumor persists. Its existence was originally postulated by none other than the legendary stock market analyst Richard Russell. Many other respected analysts also believe it
The Plunge Protection Team At It Again? Read More »
