Jeffrey Kennedy has developed a theory that guides his analysis When you are watching a pattern develop on a chart, how can you be sure that your wave count is correct? The Elliott Wave Principle offers rules and guidelines that you can use to add confidence to your wave count. Elliott Wave International’s Senior Analyst…
Triangles offer an important piece of forecasting information There’s no shortage of books about trading these days, and you could read for months before you come across one that might apply to your trading style. The free 45-page eBook The Best of Trader’s Classroom is specifically for Elliott wave traders and saves you time in…
This article is part of a syndicated series about deflation from market analyst Robert Prechter, the world’s foremost expert on and proponent of the deflationary scenario. For more on deflation and how you can survive it, download Prechter’s FREE 60-page Deflation Survival eBook, part of Prechter’s NEW Deflation Survival Guide. The following article was adapted…
Understand the basics of the subject matter, break it down to its smallest parts — and you’ve laid a good foundation for proper application of… well, anything, really. That’s what we had in mind when we put together our free 10-lesson online Basic Elliott Wave Tutorial, based largely on Robert Prechter’s classic “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 evidence of his discovery by making a number of accurate stock market forecasts. What appears random and unrelated, Elliott said, is actually tracing out a recognizable pattern once…
Here is what I am reading: Eurozone crisis live: ‘Battle lines’ drawn over eurobonds (Guardian) Crisis defines Poland, Turkey appeal (MarketWatch) After Barreling Ahead in Recession, China Finally Slows (New York Times) Swiss Franc May Need Changes in Swiss Banking (WSJ Blogs) What would Greek exit mean for the U.S. economy? (Reuters) Cameron Urged to…
In the midst of the European sovereign debt crisis, investors are bidding for sovereign debt. On May 24, 2012 the yields on Austrian, Belgian and French bonds plunged to record lows. Earlier in the week, Germany sold zero-coupon bonds. US bond yields are also near their record lows. On Friday August 5, 2011, Standard & Poor’s…
Economist Paul Krugman recently gave an interview to German magazine Der Spiegel in which he argues that this is not the time to worry about debt and inflation. Here are some choice excerpts: On Greece leaving the euro zone: What happens if Greece leaves? Then you have again a bank run in other peripheral countries because they’ve set…
Here is what I am reading: For growth, focus first on jobs (Reuters/Blogs) Hollande Steals the Show from Merkel (Spiegel Online) UK economy’s fall into recession deeper than expected (Guardian) Fed Watch: The Fed and the Fiscal Cliff (Economist’s View) The Seeds of the EU’s Crisis Were Sown 60 Years Ago (Bloomberg) Hey, Germany: You Got…
May 24, 2012 issue of Financial Times says ‘Death of Equities?’. It says no one wants stocks. The last time a major publication came out with a similar headline was Business Week on August 13, 1979. This is how Dow Jones Industrial Averages performed since then:
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