Tuesday, January 18, 2011

Dow Jones 2011 Target 5000 Technical Analysis Higher Taxes Part 2

Check out this youtube: http://eyblitz.com/dow-jones-2011-target-5000-technical-analysis-higher-taxes-part-2/
 
The Next analysis is DJIA outlook of 2012 (Relax, EW do not show the Armagedon!)/2016/2029

NEoWave: Beyond Elliott Wave! ( Dow 100,000 forecast by 2065)

After reading this part about the future forecast in the Dow to go to 100,000 or maybe even 200,000 was a real eye opener, as it runs the opposite of the orthodox Elliott Wave forecasts from EWI. Everything I do on this site is done by the orthodox tradition in EWP, which came from RN Elliott and was updated by Frost and Prechter. There are some serious differences in both forecasts and I disagree with both as I am working everything in Supercycle degree. I firmly believe there is absolutely "nothing" wrong with the original orthodox EWP but that the problem lies with subjective pattern identification and the herding complex by Elliotticians!  EWP is not a unproven theory but it is a Principle and Natures Law.

As you may have noticed I never use the initials EWT (Elliott Wave Theory) as I always use EWP (Elliott Wave Principle). In the book, Elliott Wave Principle by Frost and Prechter, on every left page at the top are the words "Elliott Wave Principle"and not the wording Elliott Wave Theory!
Dramatically changing a "law" is like trying to change the natural law of gravity!

6/9/2010
Question:
How does your analysis differ from orthodox Ellioott Wave analyst's who, once again, are predicting a depression and a Dow down to 400?
Answer:
NEoWave has been telling me the same thing for more than 2 decades...an impulsive advance began in 1982. Wave-4 (down) of that impulsion commenced September 2000 and will last about 20 years, maybe more. Wave-5 of this 70-80 year bull market will start around the year 2020 and produce the most powerful advance in history. The DOW will easily exceed 100,000 (potentially 200,000) by or before the year 2065! If you look in the back of MASTERING ELLIOTT WAVE, there is an article written for CYCLES magazine in the summer of 1988 which maps out this exact, same scenario. In other words, I've had the same, long-term perspective on the U.S. stock market for 22 years!

http://www.neowave.com/qow/qow-archive-961.asp 

Professional Trading COURSE - Neely River Technology Price: $9,000

Major World Index Perfomance Since 2009

The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: The S&P 500 and Bombay SENSEX hit their lows on March 9th, the Nikkei 225 on March 10th, the DAX on March 6th, the FTSE on March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng even earlier on October 27, 2008. However, by aligning on the same day, we get a better sense of the present-day degree of market correlation than if we align the lows.
A Longer Look Back
Here is the same chart starting from the turn of 21st century. The relative over performance of the emerging markets is readily apparent. 

Sunday, January 16, 2011

Week Ahead: (17-21 Jan) Potential Rally - Technical Oversold/DJIA Bull Continuation/Strong Earnings

WIB: +12 Jam
http://www.forexfactory.com/calendar.php

Week Ahead: Earnings Seasons in Full Swing as Investors Watch for a Pull Back
http://www.cnbc.com/id/41088918

US Earnings Central
The coming week will be a busy one for corporate earnings reports. Citigroup reports Tuesday morning, as does Forest Labs and Ameritrade. Apple and IBM report after Tuesday's market close. Goldman Sachs, Wells Fargo, Bank of New York Mellon, State Street, US Bancorp, Northern Trust and Comerica report Wednesday morning. eBay, Sallie May, Seagate, F5 and Xilinx report after Wednesday's closing bell.

Thursday's reports include Morgan Stanley, Freeport McMoran, Huntington Bancshares, PNC, United Health, PPG industries, Rockwell and Union Pacific. After the bell reports are expected from Google, Capital One and Advanced Micro. Bank of America, Schlumberger and General Electric, the parent of CNBC, report Friday morning.

Weekeahead:
Home Building, Sales Probably Languished as Market Lagged Behind Recovery
http://www.bloomberg.com/news/2011-01-16/home-building-sales-probably-languished-u-s-economy-preview.html

Cramer's Guide for Next Week's Earnings
http://www.cnbc.com/id/41082276

Complacency, Fleeing Insiders Point to Earnings Season Drop
http://www.cnbc.com/id/41076255

Commodities Next Week
http://www.cnbc.com/id/15840232?video=1743775468&play=1

Halftime: Trading Financials Ahead of Earnings Next Week
http://www.cnbc.com/id/41079361

Crude Oil May Decline as U.S. Refiners Replenish Stockpiles, Survey Shows
http://www.bloomberg.com/news/2011-01-14/crude-oil-may-decline-as-u-s-refiners-replenish-stockpiles-survey-shows.html

Gold Advances, Set for Weekly Gain, on Outlook for Increased China Demand
http://www.bloomberg.com/news/2011-01-14/gold-advances-set-for-weekly-gain-on-outlook-for-china-demand.html

China's Monetary Policy May Shape Global Flows, Fortress's Levinson Says
http://www.bloomberg.com/news/2011-01-14/china-loose-policy-to-shape-global-capital-flows-fortress-s-levinson-says.html 

Sluggish Price/Earnings Ratios Could Threaten Rally
http://www.cnbc.com/id/41104039

EWI: When Will Volatility Return to the Stock Market?

Do Let the Facts "Get in the Way" of Your Market Assessment
http://www.elliottwave.com/freeupdates/archives/2011/01/14/Do-Let-the-Facts--Get-in-the-Way--of-Your-Market-Assessment.aspx

When Will Volatility Return to the Stock Market?
http://www.elliottwave.com/freeupdates/archives/2011/01/10/How-Soon-Will-Volatility-Return-to-the-Stock-Market.aspx

Pay No Attention To The Man Behind the Curtain
http://www.elliottwave.com/freeupdates/archives/2011/01/13/Pay-No-Attention-To-The-Man-Behind-the-Curtain.aspx

I’m Beginning To See A Pattern Here
http://www.elliottwave.com/freeupdates/archives/2011/01/13/I%E2%80%99m-Beginning-To-See-A-Pattern-Here.aspx

The Real Estate Market: Still Agonizing. Still Ironic
http://www.elliottwave.com/freeupdates/archives/2011/01/13/The-Real-Estate-Market-Still-Agonizing.-Still-Ironic.aspx

The Shape Of Cocoa: Diagonal Triangle
http://www.elliottwave.com/freeupdates/archives/2011/01/12/The-Shape-Of-Cocoa-Diagonal-Triangle-.aspx


Understanding the Federal Reserve Bank
http://www.elliottwave.com/freeupdates/archives/2011/01/12/Understanding-the-Federal-Reserve-Bank.aspx

When 8 States Defaulted: Could It Happen Again?
http://www.elliottwave.com/freeupdates/archives/2011/01/12/When-8-States-Defaulted-Could-It-Happen-Again.aspx

Silver and Gold Fall Hard: A Buying Opportunity?
http://www.elliottwave.com/freeupdates/archives/2011/01/14/Silver-and-Gold-Fall-Hard-A-Buying-Opportunity.aspx

(Video) Prechter on CNBC: "Not a bear among them"
http://www.elliottwave.com/freeupdates/archives/2011/01/03/Video-Prechter-on-CNBC--Not-a-bear-among-them-.aspx

Bangladesh Stocks Plunge: A Reflection Of Falling Social Mood
http://www.elliottwave.com/freeupdates/archives/2011/01/10/Bangladesh-Stocks-Plunge-A-Reflection-Of-Falling-Social-Mood.aspx

Kalender Ekonomi & Event


Live Economic Calendar Powered by Forexpros - The Leading Financial Portal