Monday, April 19, 2010

Elliott Wave: Goldman Sachs Charged With Fraud: Who Could Have Guessed? Part I

The firm's history suggests its vulnerability in periods of negative social mood.
April 16, (Reuters) - Goldman Sachs Group Inc was charged with fraud on Friday by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages.
http://gainesville.elliottwave.com/t/89863/4088846/8922/0/



















Prechter's Latest: The Most Important Cycle of the Past Three Decades
"A Deadly Bearish Big Picture"
That's the headline Bob Prechter gave to his just-published Elliott Wave Theorist. I suppose a person could read that and assume it tells him most of what he needs to know.
http://www.elliottwave.com/freeupdates/archives/2010/04/16/Prechter-s-Latest-The-Most-Important-Cycle-of-the-Past-Three-Decades.aspx

Raising The BAR: Bar Patterns & Trading Opportunities
How a 3-in-1 formation in cotton "triggered" the January selloff
For Elliott Wave International's chief commodity analyst Jeffrey Kennedy, the single most important thing for a trader to have is STYLE-- and no, we're not talking business casual versus sporty chic. Trading "style," as in any of the following: top/bottom picker, strictly technical, cyclical, or pattern watcher.
http://www.elliottwave.com/freeupdates/archives/2010/04/16/Raising-The-BAR-Bar-Patterns--Trading-Opportunities.aspx




















Market and Economy: Optimism on Overdrive
Are you psyched up for a let down?
People are feeling better about the economy. An April 13 Investor's Business Daily article says: "Consumer confidence rebounded in April from a one-year low on hopes that an improving economy will continue to create jobs ... The gauge rose 3 points from March."
http://www.elliottwave.com/freeupdates/archives/2010/04/15/Market-and-Economy-Optimism-on-Overdrive.aspx

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