Monday, July 5, 2010

Elliott Wave: Warning - A Market Forecast That Says ‘Take Cover’

The New York Times
With the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely.

Mr. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years. A concerned trader on the floor of the New York Stock Exchange. In a series of phone conversations and e-mail exchanges last week, he said that no other forecaster was likely to accept his reasoning, which is based on his version of the Elliott Wave theory — a technical approach to market analysis that he embraces with evangelical fervor.

Market Insight: S&P 500 Hits Closing Low for 2010
On June 29, the U.S. stock indexes fell from the open, as the S&P 500 hit its lowest level of the year, while the Dow Industrials suffered a triple-digit slide beneath the psychologically important 10,000 level.
A Forecast Coming True, Right Now
"Operator, Get Me the Police!" "Sorry Sir, the Police Are Helping Other Citizens"
Your Grandfather's Bear Market?
Or Your Great, Great, Great. . .Great. . .Great. . .Great Grandfather's?
Happy July 4th: Fibonacci and the Declaration of Independence
Here in the United States, we celebrate the day we declared our country an independent nation on July 4, 1776. Two years ago, that date figured significantly in our study of Fibonacci relationships among landmark events in U.S. history that have created equal political status for different groups.

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