Gold: Best Supporting Role In Economic Downturns? Think Again
Gold's safe-haven status is based on hype, not history
By Nico IsaacEverywhere you look, from the Red Carpet to Wall Street, gold is definitely in "fashion." As for why, one word comes to mind: safe-haven. See, according to the mainstream financial experts, the more unstable the global economy, the greater the appeal for the precious metal. These two charts from EWI President Bob Prechter offer another perspective. 
Read more.

 

Learn Elliott Wave Analysis -- Free
Often, basics is all you need to know.
By Editorial Staff

Successful market timing depends upon learning the patterns of crowd behavior. By anticipating the crowd, you can avoid becoming a part of it. The Wave Principle is not primarily a forecasting tool; it is a detailed description of how markets behave. The progression of mass emotions from pessimism to optimism and back again tends to follow a similar path each time around. Read more.

 

 

Wave Principle Crash Course: There's No Going Back
Free video tutorial available to all Club EWI members
March 4, 2010

By Nico Isaac

For over ten decades, the mainstream financial world has embraced the view that external news events drive trend changes in the markets. In less than ten minutes, EWI's senior tutorial instructor Wayne Gorman shatters that very idea into a fine dust, swept away into thin air.

In part one of his exclusive, three-part Club EWI video series "Why Use The Wave Principle," Wayne first assesses the pitfalls of relying on macroeconomic models to forecast; namely: "An investor is lured into the market at just the worst time, when it's time to sell, and forced out just at the best time to buy."

As for real world examples of this happening, Wayne spans three hundred years of financial history to reveal how the most pivotal economic, political, and environmental events failed to alter the course of their respective markets. Here, the free video includes groundbreaking charts on these (and more) well known episodes:

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What Does NOT Move Markets? Examining 8 Claims of Market Efficiency
March 2, 2010

By Susan Walker

If everyone says that shocks from outside the financial system -- so-called exogenous shocks -- can affect it for better or worse, they must be right.

It just sounds so darned logical, right? Economists believe this trope to be true, mainly because they believe that investors are rational thinkers who re-evaluate their positions after every new bit of relevant information turns up.

Beginning to sound slightly impossible? Well, yes.

It turns out that logic is exactly what's missing from this it-feels-so-right idea of rational reaction to exogenous shocks. Read an excerpt from Robert Prechter's February 2010 Elliott Wave Theorist to see how Prechter deals with this widely held belief.

Find out what really moves markets -- download the free 118-page Independent Investor eBook. The Independent Investor eBook shows you exactly what moves markets and what doesn't. You might be surprised to discover it's not the Fed or "surprise" news events. Learn more, and download your free ebook here.

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Elliott today Forecasts

 

Outlook for the year 2010

Change - Echo Bubbel

"Von woher soll denn eine Krise kommen?"

In seiner Rede vor den Vereinten Nationen 
im September 2009 hat Barack Obama eine bemerkenswerte Kehrtwendung, eine kategorische Distanzierung von den Hegemonialallüren seines Vorgängers vollzogen, die in ihrer Bedeutung noch 
nicht erkannt wurde. Die "Obama-Mania", 
die weltweite Begeisterung für den afro- amerikanischen Kandidaten der Demokratischen Partei, kannte schon im Sommer 2008 keine Grenzen mehr, vor 
allem die Begeisterung, die sich der Deutschen bemächtigt hatte, zeigte 
Anzeichen einer Heilserwartung, die extrem hochgeschraubt waren. Sein weltbekanntes "Change" mag vielen Leuten als grosse Voraussicht gedeutet worden sein, doch ist kaum anzunehmen, daß Barack Obama mit den "Change" den amerikanischen Aktienmarkt gemeint haben könnte. Tatsächlich vollzog sich der Wechsel von 
der Allgemeinheit kaum bemerkt, lange vorher, genauer im Januar 2000 als der 
Dow Jones Industrial Average (DJIA) am 
14. des Monats sein Alltime-high erreichte.
Artikel & Charts >>>

 

 

Mythen - Der Unsinn mit dem amerikanischen Handelsbilanzdefizit

"Jahr für Jahr produzieren die Wirtschafts- theoretiker lange Listen von mathematischen Modellen und erklären bis ins kleinste Detail ihre algebraischen Formeln und Funktionen in allen möglichen Schattierungen anhand derselben Daten - sind aber nicht in Lage ein halbwegs systematisches Verständnis von der Struktur und den Operationen eines wirklichen ökonomischen Systems zu erbringen." 
Artikel>>>

 

 

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 the Charts 

Testimonies

         "I am very impressed with the S&P charts you posted on ELLIOTT today". 
         Wed, 26 Mar 2008, Sincerely Gecchi Sim

BTW, you guys are still da best wavy-gravy on da net - bar none! And you can quote me on that!!  scamman, Jan 26, 2007, clearstation.etrade.com

I just recently discovered your website, I like your clearly labelled charts. I haven't been able to find any sites with Elliott wave charts that even come close to yours! Your SPX charts have been a great reference to me for clearing up the smaller details.Best Regards, Brad, Feb 5, 2007 

I have never yet utilized an advisory service like yourself. To be very truthful can see the benefits of it. Alex, Feb 8,2007

EXCELLENT job on your new chart!! I'm glad to see that because I have thought for a while that the real bottom was in March .
I traded it and it felt like the real one instead of 2002, the transports bottomed there, and the rise from the 2002 is ugly. 
Since the street was so convinced of it I didn't bother pushing it. Lots of great work on that chart. Since now I can go along with that since you gave me confidence, I wouldn't see it ending here, but I have some real good Fib work that has caught these turns very well from 2003 low and there is no doubt that this market is trying to finish up the last Fib at 1242!!. With that, it can end closer to your 1250 in a blowoff Diagonal or the rest of the worlds 1260 area where the .618 from ATH's are. I dont think the market gives them the .618.  Dom, 03/10/2005

Hi, Just saw your Diagonal idea and love it! I always thought that it was an E at the same time the dow bottomed but didn't see a way to label it. Nice job! lets see what happens. Dom, 02/24/2005

Elliott-Today was the site I got the diagonal count from. Their main guy is a brilliant wave counter who has caught the majority of the swings this year on an intraday basis using Andrew's Pitchfork. They have a very interesting chart on that site that outlines the diagonal triangle. EN, Can

Great call this morning! I caught most of the move up. Do you think the current consolidation is a fourth wave? Thanks, Eric

The best wavy-gravy on the net, nonetheless. Enjoy! Clearstation,Aug.16,2004

Hey John - These guys cook up the best wavy gravy on the net - BAR NONE - so I'm salivating as I wait for dinner to be served! The appetizer last week was delicious. Enjoy! Clearstation,Aug.9,2004

"hi ernie - These guys make the best wavy-gravy calls, period." [clearstation.com]

"Hi John - The Elliott chart I cited yesterday12:43 PM turned out to be the most prescient one of all - projected 1128; SPX high of day was 1127.65. Not too shabby!

"....thank You, I am very greatful to read your site Elliott today.  It is really one of the best Elliott sites i have ever seen..."

Hi Karl: I enjoyed your long-term analysis of gold as I have been trading it. (EN)