Forex Trading Forecast

New Report: It's Dangerous to Diversify -- Find Out Why

2010-12-20T01:04:00.002+07:00

New Report: It's Dangerous to Diversify -- Find Out Why
A free report from Elliott Wave International reveals the risks of portfolio diversification

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New Report: It's Dangerous to Diversify -- Find Out Why
A free report from Elliott Wave International reveals the risks of portfolio diversification
By Elliott Wave International

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New Report: It's Dangerous to Diversify -- Find Out Why
A free report from Elliott Wave International reveals the risks of portfolio diversification
By Elliott Wave International
Despite near-unanimous endorsement among mainstream advisors, the strategy of portfolio diversification has a huge, glaring flaw: Namely, when large sums of liquidity begin to flow into global investment markets, formerly disparate trends become strongly correlated. And markets that go up together ultimately go down together; in turn, the value of diversified portfolios goes down with them. Read more.

Option 3: Full Article

New Report: It's Dangerous to Diversify -- Find Out Why
A free report from Elliott Wave International reveals the risks of portfolio diversification
December 16, 2010

By Elliott Wave International

Despite near-unanimous endorsement among mainstream advisors, the strategy of portfolio diversification has a huge, glaring flaw: Namely, when large sums of liquidity begin to flow into global investment markets, formerly disparate trends become strongly correlated. And markets that go up together ultimately go down together; in turn, the value of diversified portfolios goes down with them.
For years now, Wall Street has tap-danced around the liquidity risk. Here's how former Citigroup CEO Charles Prince described it in July 2007:

"When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance."

Three months later, Prince announced that Citigroup's quarterly earnings would be down 60%. Within the year, Prince had danced himself out of a job. Diversified investors around the world were feeling the liquidity crunch.
But after many miserable months for stock and commodity investors, the markets rebounded together -- almost in lock-step. Commodities lifted off in late 2008, and stocks followed in March 2009. Everything that declined together was going up together, and market watchers began to take notice.
"Liquidity with respect to stocks has become indiscriminate," reported a widely respected market technician. "When money's flowing in, they all go up. When money's flowing out, they all go down."
Mainstream investors finally began to recognize the phenomenon Elliott Wave International's Robert Prechter warned about in his 2002 best-seller, Conquer the Crash.
Turns out, now almost 10 years after Prechter coined the phenomenon "All The Same Markets," the correlation is still positive. Unfortunately for millions of diversified investors, the outlook is not.
According to a new report authored by Prechter and his EWI colleagues, the second round of liquidity crisis is fast approaching and perhaps has already begun. If you invest your money in a diversified portfolio, it's time you read this incredible new report now.

Follow this link to instantly download this special free report, Death to Diversification -- What it Means for Your Investment Strategy

This article was syndicated by Elliott Wave International and was originally published under the headline New Report: It's Dangerous to Diversify -- Find Out Why. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

How a "Dull" Investment Can Be a Great Investment

2010-11-24T01:05:00.001+07:00

How a "Dull" Investment Can Be a Great Investment
...until it isn't any more. An important story for today's bond investors.

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How a "Dull" Investment Can Be a Great Investment
...until it isn't any more. An important story for today's bond investors.
By Elliott Wave International

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How a "Dull" Investment Can Be a Great Investment
...until it isn't any more. An important story for today's bond investors.
By Elliott Wave International
...I asked what kind of bonds they got into. "High-yield bond funds," was the answer. What kind of bonds are these funds invested in? To this question I got blank stares. How long do you plan on staying in these funds? This got the reply I was afraid I'd hear: �Why would we get out when they are so much safer than stocks?� That's when my new interest in these once boring investments turned to fear -- for my friends. Read more.

Option 3: Full Article

How a "Dull" Investment Can Be a Great Investment
...until it isn't any more. An important story for today's bond investors.
December 9, 2010

By Elliott Wave International

I spent my childhood discussing the stock market at the dinner table. My dad was a stock broker, and he loved to "tell the story" of the stocks he recommended to customers -- a story that included critical information about the industry, the products, earnings, and the outlook for the future. Most children might find it dull, but I was mesmerized.
As I got older and talked with friends about investing, I’d light up when the topic was stocks. Who in the world couldn’t get excited about analyzing companies to decide which ones could make you money! When the conversation turned to bonds, however, I would shut down. Bonds? How dull; how utterly boring. There’s no story to tell, no industry trends to follow. I saw bonds as an interest check every six months, then a return of principal when they mature. BORING.
Over the past few years, I’ve read article after article about investors getting out of the stock market in favor of bonds. I understood the reasons for getting out of the stock market, but the thought of moving into bonds baffled me. Interest rates were very low, and I knew that when the rates started going up, bond prices would go down; a simple inverse relationship. I started investing in the mid-80s, when rates were at the highest point of the past 50 years -- who would buy bonds now, when yields are at the lowest levels in half a century? There’s no place for your principal to go but down, I thought.
So I went back and talked with my friends some more, to see if there was something I was missing with these "dull investments."
Turned out, my friends had moved their money into bonds after they lost over 30% in stocks during 2008. They told me that bonds had gone up in value. I was astonished.
So I started looking into it. They were right! I thought bond yields could go no lower than they were two years ago, yet they did, In turn, that brought the prices -- i.e., the principal on their investment -- up!
I asked what kind of bonds they got into. “High-yield bond funds,” was the answer. What kind of bonds are these funds invested in? To this question I got blank stares. How long do you plan on staying in these funds? This got the reply I was afraid I'd hear: “Why would we get out when they are so much safer than stocks?” That's when my new interest in these once boring investments turned to fear -- for my friends.
First of all, the simple idea that a rise in interest rates would cause their principal to fall worried me. But my greater fear was that they did not even know what types of bonds they were invested in!
Elliott Wave International’s president Robert Prechter has followed this new investment trend closely in his monthly Elliott Wave Theorist. This quote is from the October 2010 issue:

A fifth consecutive major disaster is developing for investors. History shows that investors have been attracted like moths to a flame to four consecutive pyres: the NASDAQ in 2000, real estate in 2006, the blue chips in 2007 and commodities in 2008. Now they are flitting across the veranda to a mesmerizing blue flame: high yield bonds.
Bonds pay high yields when the issuers are in deep trouble and cannot otherwise attract investment capital. The public is chasing a large return on capital without considering return of it.

You can learn more about what Prechter’s market analysis says for bond investors now -- free. We've recently released a 10-page report, “The Next Major Disaster Developing for Bond Holders” free to members of Club EWI. Discover why Prechter says that, “The public always does the wrong thing.” Follow this link to access this free online report right now.

This article was syndicated by Elliott Wave International and was originally published under the headline How a "Dull" Investment Can Be a Great Investment. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

Safe To Play Forex

2010-10-03T12:26:00.002+07:00

create a virtual world business people in the field of Forex traders, especially beginners like me there are few tips to avoid plus reduce the loss / damage is greater when playing, especially in Marketiva Forex trading. There was nothing to guarantee profit and loss, all of it back again to the factor luck, why do I say so, because a lot of evidence that the expert trader or an expert in analyzing whether it is fundamental, technical and use forex robots do not even dare to guarantee say implicitly that their analysis was correct and accurate.

But that does not mean that analysis is correct or not needs to be done, I mean here the forex market cannot be predictable and always changing. Therefore we must smart in analyzing the right time order at the time. Please Click to follow Forex Course.

Given the currency movements continue to run in real time which in essence we should be able to predict the last analysis, not just guessing. This is the same gamble. Important factor to consider is the psychological need to be controlled do not lust, will hold emotions because the negative impact that will cause you to lose, owe, poor, after the stress and ultimately.

It’s delicious excess play Forex Trading is no need to worry about adsense account banned or we dropped Google page rank different case with if we as blogger mainly want to find a business income online through blogs, here I dare to guarantee grandparent / uncle Google will not bother us.

Here are a couple of basic tips avoiding loss / damage is greater in play Forex:

1. Always put a stop loss order at the time, a precaution to avoid bigger losses.

2. Before the order note the release / announcement of the latest news about the Forex market. You can see on the site www.forexfactory.com. As a rule of fundamental analysis.* "I will explain later in a special article about the meaning istilah2 purpose of the news and its influence on the movement chart (Forex Market)".

3. Do not ever order (enter market) exceeds 20% of your capital, because the rest can be used to hold losses on currency movements opposite to the direction that we attach.

4. Play in the currency that has spread (the difference between the selling price or purchase) the lowest. For example the Euro currency with the U.S. dollar (EUR / USD) distinguished the difference is 3 points / lots. Its function is to maximize profit and minimize loss.

5. Do not be too trusting and relying on charts / chat / graphics, because it could happen GAP (drastic movement, can tiba2 up or down).

6. We recommend using indicator chart setting with a time frame / 15 min scale. Usually, when the market release time. there was a movement that's starting.

7. Note also the movement of currency / currency other countries. For example, suppose we are again trading between EUR / USD. Then see jg USD / CHF it is meant as a comparison, so if both move the same direction so we do not fight the market.

8. If you can avoid playing Day of Friday, because according to the movement of personal experience is difficult to predict and often occur GAP. Might be due before the market close.

United STRAITS of America: The Muni Bond Crisis Is Here

2010-09-09T09:06:00.000+07:00

Elliott wave subscribers were prepared for municipal bonds troubles months in advance
November 24, 2010

By Elliott Wave International

This November, the whole world tuned in as the greater part of the U.S.A.'s 50 states turned red -- and no, I don't mean the political shift to a republican majority during the November 2 mid-term elections. I mean "in the red" -- as in, financially fercockt, overdrawn, up to their eyeballs in debt.
Here are the latest stats: California, Florida, Illinois, and New Jersey now suffer "Greek-like deficits," alongside draconian budget cuts, job furloughs, suspensions of city services, and the growing "rent-a-cop" trend of firing city workers and then hiring outside contractors to fill those positions.
Next is the fact that the municipal bond market has been melting like a snow cone in the Sahara desert. According to recent data, 35 muni bond issues totaling $1.5 billion have defaulted since January 2010, three times the average annualized rate going back to 1983. Also, in the week ending November 19, investors withdrew a record $3.1 billion from mutual and exchange-traded funds specializing in municipal debt, triggering the largest one-day rise in yields since the panic of '08.
In the words of a recent LA Times article "It's a cold, cold world in the municipal bond market right now."
And for those who never saw the muni bond crisis coming, it's a lot colder.
Since at least 2008, the mainstream experts extolled munis for their "safe haven resistance to recession." And while muni bond woes are only now making headlines, one of the few sources that foresaw the depth and degree of the crisis coming ahead of time was Elliott Wave International's team of analysts. Here's an excerpt from the April 2008 Elliott Wave Financial Forecast (EWFF):

“One of the most vulnerable sectors of the debt markets is the municipal bond market. Instead of being a source of state and local funding, many residents will become a cost. Default could hit at any moment after times get difficult… Yields on tax-exempt municipal bonds are above yields on US Treasuries for the first time in as long as anyone can remember, another sign of how limited the supply of quality bonds will become.”

EWI continued to warn subscribers ever since:

February 2009 EWFF: Special section “Out of the Frying Pan and into Munis” showed the continued rise in muni yields ABOVE Treasury yields and cautioned against the idea that tax-exempt debt was a “safe bet.”
September 2010 Elliott Wave Theorist: "The Next Disaster: The public has withdrawn some money from stock mutual funds... But most investors ... are shunning treasuries for high-yield money market funds and bond funds, which hold less-than-pristine corporate and municipal debt."

And now, in the just-published November 19 Elliott Wave Theorist, EWI president Robert Prechter captures the full extent of the unfolding muni crisis via the following chart:

Read more about Robert Prechter's warnings for holders of municipals and other bonds in his free report: The Next Major Disaster Developing for Bond Holders. Access your free 10-page report now.

This article was syndicated by Elliott Wave International and was originally published under the headline United STRAITS of America: The Muni Bond Crisis Is Here. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

EWI's Newest Service Picks ETFs: Interview with the Editor

2010-08-08T08:09:00.001+07:00

EWI's Newest Service Picks ETFs: Interview with the Editor
EWI's Wayne Stough adds another Flash opportunity service to the line-up: ETFs
October 7, 2010

By Elliott Wave International

Every trader or active investor at times wishes they could pick the brain of a pro that has "pulled the trigger" on real-money trades before.
EWI Director of Analysis Wayne Stough is one of these pros. For several years, several times per month, he's been alerting his Flash service subscribers to opportunities in futures markets.
And now, there is a new addition to the Flash service line-up: ETF Opportunity Flash. We caught up with Wayne in his office and asked him a few questions:
Q: What method do you use when looking for high-probability trade set-ups?
Wayne Stough: My main approach is The Elliott Wave Principle. I look for clean, precise wave counts -- usually ones that other analysts can confirm, so there is a general consensus on market direction. Once the market meets my other criteria for a high-confidence trade, I send out a Flash recommendation to my subscribers.
Q: How do you define a "high-confidence" trade?
WS: That's a good question, because no market forecast is ever guaranteed, whether you use Elliott or some other forecasting method. Having said that, there are definitely moments when probabilities (or odds, if you will) strongly suggest a particular move. For example -- and this is just basic Elliott -- the Wave Principle says that markets move in a series of five waves in the direction of the larger trend (labeled on a chart 1, 2, 3, 4, 5) and three waves against the trend (labeled A, B, C). Also, there are certain proportions between these waves that markets often adhere to. So whether I'm counting a 1, 2, 3, 4, 5 pattern in a rally or a decline (i.e., in a bull or bear market), I focus on where the fifth wave should end, according to Elliott wave guidelines.
Once I've identified that price termination point, it becomes a matter of waiting for the market to get there. Fifth waves come at the end of the pattern and are usually weaker than third waves. So once I see certain technical indicators diverging (e.g. the RSI), my confidence grows: We are near the end of the pattern, and prices are about to reverse. That's just one example of a high-confidence situation. But I do suggest a protective stop with every new Flash alert, in case the forecast doesn't come true.
Q: Are you aiming for a particular percentage gain?
WS: Absolutely. When I send a Flash alert, I'm typically looking for a 3-to-1 ratio, at a minimum.
Q: Does that always work out?
WS: No. I monitor the recommendation for warning signals that let me know when a different scenario is unfolding in the charts. In those cases, I send out another Flash alert suggesting to lower or raise the stop-loss level, or exit the recommendation entirely.
Q: They say you love the S&P Mini as a trading vehicle. Why?
WS: I'd put it differently. I have traded the S&P for a long time, I understand that market's nuances, and I like the leverage and volatility. But while the S&P comes naturally to me, I've also made many Flash recommendations on other markets, like gold and currencies. So, a better way would be to say that I love any market that gives me the desired risk-reward ratio. Now I'm also "looking for love" among various ETFs.

Special Introductory Offer: Get ETF Opportunity Flash now and have 2nd month FREE. Details.

Q: If traders expect a bear market, should they still consider Flash Services?
WS: Absolutely. I think we're at the cusp of something very big in the stock market. And this is the time to act. Just keep in mind that speculating in severe bear markets (or during extreme volatility) carries additional risks. So be sure you do your research and know how your financial instruments behave under these conditions. And anyone who chooses to trade in this environment must only risk the money they absolutely can afford to lose.
Q: Who do you think should consider subscribing to EWI's Flash Services -- including the newest addition, the ETF Flash?
WS: Anyone who has some risk capital but not enough time or experience to find their own opportunities. Anyone who understands and accepts the fact that when you bet your money, there will be winners and losers. (Sometimes more of one than the other.) Anyone who knows better than to risk all their capital on a single recommendation; the old "all eggs in one basket" situation. I think in terms of quarters: I want all my subscribers smiling at the end of a quarter.

EWI ETF Opportunity Flash service now brings you potential high-probability opportunities in exchange-traded funds (ETFs). Don't miss this special offer.

This article was syndicated by Elliott Wave International and was originally published under the headline EWI's Newest Service Picks ETFs: Interview with the Editor. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

Forex forecast update

2010-07-14T21:35:00.001+07:00

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Credit Card Processing Service At Totally Low Fees

2010-05-31T18:46:00.002+07:00

When shopping at the online store or the offline one, people usually don’t want to deal with the complicated payment process. As an online store owner, you should understand this well and start offering simple payment process to your customers. With the easy payment option, you have bigger chance to get more customers and make your business more profitable.
Credit card is a payment option that most online business owners offer today. If you are also interested in offering credit card as a payment option to your customers, Five Star Payments is the one that can assist you with minimum cost. This company specializes in helping business owners get credit card processor at totally lower fee. By using credit card processor from this company, you can save your money and improve your profits from time to time. Today, many business owners are difficult to get approval from many credit card processor companies. If you apply credit card processing service to this company, such thing won’t happen to you since they will always try to help you no matter what your business type is.
The customer service team of this company is always ready to assist you in getting the credit card processor. You can go to Fivestarpayments.com to apply and they will make the entire application process easy for you. Please contact them via phone for further information.

Credit Card Processing Solutions

2010-02-09T23:56:00.000+07:00

Starting a business is not easy but maintaining the business is much more difficult. You should have a good strategy to keep your business on the right path and increase the business sales and profits. If your business accepts credit cards as a payment option, you will find a solution dealing with credit cards payment in FirstStartPayments.com.

First Star Payments offer credit card processing solutions in which you can make some changes for your business. We know that credit card is a common way of payment. Having a credit card processor is essential for the business. Unfortunately, there are some credit card processors that charge high fees. You will be shocked by the amount of money loss due to the high processor fees. The role of First Start Payments is to help the businesses finding the credit card processor that work the best for the businesses.

They have the experts that will examine your business needs and determine the right processor for your business needs. No matter what the type of your business is, First Star Payments will stand to help you increasing your profits by reducing the fees of credit card processing. For further information about the credit card processing solutions from First Star Payments, you can visit the site right away.

Simple Way to Get Best Life Insurance

2010-01-14T23:08:00.000+07:00

Having a family is something that is mostly wonderful for most people. It is very pleasing to see our children grow up, always loving you and becomes a hope for your future generation. However, the happiness may be destroyed when you have to die and leave them. It must be hard for them; moreover they have to live without you who always support them especially about financial.

So, this is the reason why Life Insurance is really important to have. We never know when the time for us is over in the world and we have to leave the family in the sadness. With the life insurance; you can still become a very lovely hero for them even you can’t see them and can’t be seen by them anymore. You still can give them some support for life, education, home and many more needs. Financialone.com really understands about it and it tries to help you in preparing something crucial for your next generation. You can get assisted in Finding the Best Life Insurance for you.

It is a website where you can get quotes of life insurance companies available in your state. It will ease you to find the best company that provides life insurance with very suitable terms with your needs and budgets prepared. It is a very simple way to get life insurance instantly; so just get the Life Insurance Quotes now.

Individual Investors Have Jumped Into Another Fire

2010-01-07T14:21:00.000+07:00

By Robert Prechter, CMT

The following article is an excerpt from Robert Prechter's Elliott Wave Theorist.
First they bought into the “stocks for the long run” case and got killed. Then they jumped on the commodity bandwagon and got killed. Many investors are buying back into these very same markets, but others are running to what they perceive as safe “yields” in the municipal bond market. So far this year, individual investors have “poured a record $55 billion” (Bloomberg, 11/12) into muni bond funds, with the pace running $2b. per week in August and September; many other investors are buying munis outright. These must be the people who tell us that they can’t live without “yield” and also cannot imagine their city, county or state government going bust. But as Conquer the Crash warned and as The Elliott Wave Theorist has reiterated, the muni bond market is heading for disaster.
Municipalities have borrowed more than they can repay, they have pension liabilities that they cannot meet (up to a trillion dollars’ worth, according to Moody’s), and tax receipts are falling. The only reason that states haven’t failed yet is the so-called “stimulus package,” which took money from savers, investors and taxpayers—thereby impoverishing the people who live in the various states—and gave it to state governments to spend so they would not have to cease their profligate spending. But political pressures will eventually cut off this gravy train. In the 2010-2017 period, the muni bond market will become awash in defaults. The leap in optimism since March, which has shown up in every financial market, has fueled a retreat in muni bond yields to their lowest level since 1967 and narrowed the spread between muni bond yields and Treasuries.
This rush to buy municipal bonds is occurring right on the cusp of a dramatic decline in their values. While many individuals are loading up right at the peak so they can participate in the next major market disaster, smarter investors, such as insurance companies Allstate and Guardian Life, are getting out. Subscribers to our services, we trust, own not a single municipal IOU. Our recommendation for investors is 100 percent safety, and such a program does not include muni bonds. If you are a recent subscriber, please read the second half of Conquer the Crash as a manual on how to get your finances safe.

Get Your FREE 8-Lesson "Conquer the Crash Collection" Now! You'll get valuable lessons on what to do with your pension plan, what to do if you run a business, how to handle calling in loans and paying off debt and so much more. Learn more and get your free 8 lessons here.

The FDIC Anesthesia Is Wearing Off

2010-01-07T14:15:00.001+07:00

By Robert Prechter

The following article is an excerpt from Robert Prechter's Elliott Wave Theorist. For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks.
Perhaps the single greatest reason for the unbridled expansion of credit over the past 50 years is the existence of the Federal Deposit Insurance Corporation, another government-sponsored enterprise created by Congress. The coming rush of bank failures is an outcome made inevitable the very day that Congress created the FDIC. The reason is that the creation of the FDIC allowed savers to believe that their deposits at banks are “insured” against loss.

But the FDIC is not really an insurance company. No enterprise, absent fraud, could possibly insure all the banking deposits in a nation. Nor does the FDIC do so, despite its claims. The FDIC is like AIG, the company that sold too many credit-default swaps. It contracted for more insurance than it could pay upon. Because depositors believe the sticker on the door of the bank, they have abdicated their responsibility to make sure that their banks’ officers handle their deposits prudently. This abdication allowed banks to lend with impunity for decades until they became saturated with unpayable debts.
Today, most banks are insolvent, and the FDIC is broke. This condition is deflationary for three reasons: (1) Banks are coming to realize that the FDIC cannot bail them out in a systemic crisis, so they have become highly conservative in their lending policies, as described above. (2) The main way that the FDIC gets its money is to dun marginally healthy banks for more “premiums” (meaning transfer payments) to bail out their disastrously run competitors. The more money the FDIC sucks out of marginally healthy banks, the less money those banks have on hand to lend, which is deflationary. (3) The banks that have to cough up all this money will become more impoverished at the margin, so banks that otherwise might have survived a credit crunch will be thrown even closer to the brink of failure. This is another deflationary risk.
A friend of mine whose family owns a bank told me that the FDIC recently raised its 6-month assessment from $17,000 to $600,000. In the FDIC’s latest announcement, it is considering requiring banks to pre-pay three years’ worth of “premiums,” i.e. triple the normal annual fee in a single year. It will be a miracle if the money lasts through 2010. When these funds are gone, the FDIC will have two more options: to issue its own bonds and pressure banks to buy them; and to tap its “credit line” of up to half a trillion dollars with the U.S. Treasury. It’s the same old solution: take on more new debt to back up failing old debt. More debt will not cure the debt crisis.

Meanwhile, the FDIC is contributing to the deflationary trend. It has “tightened rules on required capital levels,” which forces banks’ loan ratios to fall; and it has “extended its extra monitoring of new banks from the first three years of operation to seven years” (AJC, 11/19), meaning that banks will now have to wait four additional years before they can go crazy with loans.

For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks. You'll learn how to find a safe bank, the critical difference between lending and banking, tips on international banking, and more.

If Stocks Tank, Shouldn't Gold Soar?

2010-01-07T14:13:00.000+07:00

By Jeff Reckseit

The following article is provided courtesy of Elliott Wave International (EWI). For more insights that challenge conventional financial wisdom, download EWI’s free 118-page Independent Investor eBook.

-------------

Large banks and more recently pension funds have suddenly become infatuated with gold. They chant the mantras that gold bugs have known for years: gold is a store of value; owning gold is financial insurance; an ounce of gold will always buy a good suit. The idea is that if the economy continues to weaken and share prices decline, a strategic allocation of the precious metal will hedge and offset some of the losses in the financial sector.

On the surface it seems to make sense and it’s hard to argue with the logic. Even so, logic can sometimes get twisted, whereas facts cannot. The evidence is found in the chart we describe as “All the Same Market.” Gold, stocks, currencies (versus the dollar), oil, grains, meats, softs, all decline in a deflationary environment. As liquidity dries up and credit contracts, people, businesses, and institutions sell everything to get dollars. Cash is once again king. This is bearish for gold.

Looked at another way: as the dollar advances from its lows, things denominated in dollars lose value against the dollar. As long as the dollar remains the global senior currency, assets will depreciate: not just stocks and commodities but residential and commercial property, works of art, collectible cars, pretty much everything. Of course, this outlook presumes a deflationary environment and that’s been our view for quite some time. But that’s another conversation. The topic here is stocks down/gold up - or not.

The long-time editor of the Elliott Wave Financial Forecast Short Term Update, Steven Hochberg summed it up succinctly in a recent issue:

“The other important aspect to a dollar bottom is the implication to all the other markets that have been moving opposite to this senior currency. The start of a major dollar rally should roughly coincide with a turn down in stocks, commodities, oil and the precious metals. So there are likely to be important trend reversals across nearly all major markets.”

Don’t fall into the trap of group-think. If investing was that easy we’d all have (insert your own private fantasy).

Popular Culture and the Stock Market

2009-12-25T14:18:00.000+07:00

By Robert Prechter, CMT

The following article is adapted from a special report on "Popular Culture and the Stock Market" published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. Although originally published in 1985, "Popular Culture and the Stock Market" is so timeless and relevant that USA Today covered its insights in a recent Nov. 2009 article. For the rest of this revealing 50-page report, download it for free here.
Popular Culture and the Stock Market
Both a study of the stock market and a study of trends in popular attitudes support the conclusion that the movement of aggregate stock prices is a direct recording of mood and mood change within the investment community, and by extension, within the society at large. It is clear that extremes in popular cultural trends coincide with extremes in stock prices, since they peak and trough coincidentally in their reflection of the popular mood. The stock market is the best place to study mood change because it is the only field of mass behavior where specific, detailed, and voluminous numerical data exists. It was only with such data that R.N. Elliott was able to discover the Wave Principle, which reveals that mass mood changes are natural, rhythmic and precise. The stock market is literally a drawing of how the scales of mass mood are tipping. A decline indicates an increasing 'negative' mood on balance, and an advance indicates an increasing 'positive' mood on balance.
Trends in music, movies, fashion, literature, television, popular philosophy, sports, dance, mores, sexual identity, family life, campus activities, politics and poetry all reflect the prevailing mood, sometimes in subtle ways. Noticeable changes in slower-moving mediums such as the movie industry more readily reveal changes in larger degrees of trend, such as the Cycle. More sensitive mediums such as television change quickly enough to reflect changes in the Primary trends of popular mood. Intermediate and Minor trends are likely paralleled by current song hits, which can rush up and down the sales charts as people change moods. Of course, all of these media of expression are influenced by mood changes of all degrees. The net impression communicated is a result of the mix and dominance of the forces in all these areas at any given moment.
Fashion:
It has long been observed, casually, that the trends of hemlines and stock prices appear to be in lock step. Skirt heights rose to mini-skirt brevity in the 1920's and in the 1960's, peaking with stock prices both times. Floor length fashions appeared in the 1930's and 1970's (the Maxi), bottoming with stock prices. It is not unreasonable to hypothesize that a rise in both hemlines and stock prices reflects a general increase in friskiness and daring among the population, and a decline in both, a decrease. Because skirt lengths have limits (the floor and the upper thigh, respectively), the reaching of a limit would imply that a maximum of positive or negative mood had been achieved.
Movies:
Five classic horror films were all produced in less than three short years. 'Frankenstein' and 'Dracula' premiered in 1931, in the middle of the great bear market. 'Dr. Jekyll and Mr. Hyde' played in 1932, the bear market bottom year, and the only year that a horror film actor was ever granted an Oscar. 'The Mummy' and 'King Kong' hit the screen in 1933, on the double bottom. Ironically, Hollywood tried to introduce a new monster in 1935 during a bull market, but 'Werewolf of London' was a flop. When filmmakers tried again in 1941, in the depths of a bear market, 'The Wolf Man' was a smash hit. These are the classic horror films of all time, along with the new breed in the 1970's, and they all sold big. The milder horror styles of bull market years and the extent of their popularity stand in stark contrast. Musicals, adventures, and comedies weave into the pattern as well.
Popular Music:
Pop music has been virtually in lock-step with the Dow Jones Industrial Average as well. The remainder of this report will focus on details of this phenomenon in order to clarify the extent to which the relationship (and, by extension, the others discussed above) exists.
As a 78-rpm record collector put it in a recent Wall Street Journal article, music reflects 'every fiber of life' in the U.S. The timing of the careers of dominant youth-oriented (since the young are quickest to adopt new fashions) pop musicians has been perfectly in line with the peaks and troughs in the stock market. At turns in prices (and therefore, mood), the dominant popular singers and groups have faded quickly into obscurity, to be replaced by styles which reflected the newly emerging mood.
The 1920's bull market gave us hyper-fast dance music and jazz. The 1930's bear years brought folk-music laments ('Buddy, Can You Spare a Dime?'), and mellow ballroom dance music. The 1932-1937 bull market brought lively 'swing' music. 1937 ushered in the Andrews Sisters, who enjoyed their greatest success during the corrective years of 1937-1942 ('girl groups' are a corrective wave phenomenon; more on that later). The 1940's featured uptempo big band music which dominated until the market peaked in 1945-46. The ensuing late-1940's stock market correction featured mellow love-ballad crooners, both male and female, whose style reflected the dampened public mood.

If You Think the Past Decade Was Bad For Stocks, Wait Till You See This The major stock indexes are the wrong place to look

2009-11-07T14:16:00.000+07:00

By Robert Folsom

A well-known business magazine recently published a story with this headline:

Stocks: The "Loss" Decade
A disastrous ten years for the stock market ends in just a month. Will the turning of a new decade change investors' luck?

One sentence from the story itself tells you most of what you need to know: "The ten years since Y2K are on track to produce the worst total returns for investors since the 1930s."
Of course, no one should really be surprised by a story that says the stock indexes did poorly over the past decade. That's not news. The facts in the article more or less repeat what our own Elliott Wave Financial Forecast reported last March, complete with this chart:

The proof of the market is in its charts. Professional market technicians know something you don't. A solid grasp of the most successful technical analysis methods can help you cut through the hype and give you the big-picture, unbiased perspective you need now more than ever. You can now download a FREE 50-page Technical Analysis Handbook from the largest independent technical analysis provider in the world. Learn more about technical analysis, and download your free 50-page ebook here.

It's safe to say that this business magazine article is the first of many the media will run before the year's end, as part of their "decade wrap-up" stories. And like this story, most or all those like will share the same basic assumption: stock investors did poorly because the stock indexes did poorly.
And that assumption, dear reader, is erroneous. The truth is far uglier.
Here's what I mean. If you want to know how real stock investors really behave, the major stock indexes are the wrong place to look. Published results from firms like Dalbar and Vanguard consistently show that, over the past 25 years, individual investors and mutual fund shareholders have had average returns that are half (at best) of the annual returns of the broader stock market.
So, for example, in 20 years from Jan. 1, 1989 through Dec. 31, 2008, the S&P 500 showed a 8.35% gain (Dalbar). Over that same period, equity investors showed a 1.87% gain. And if you include the 2.89% inflation rate in those years, investors show a 1.02% loss.
You can shift to a timeframe which excludes the bear market that started in 2007, but it doesn't change the basic story. From January 1984 though December 2002, the Dalbar data shows that equity investors earned an annual average of 2.6%, vs. the S&P 500's 12.2% annual average. The annual inflation rate for period was 3.14%.
What's more, similar studies and surveys also show that most investors are overconfident in the decisions they make. Put another way, they don't even know that they are their own worst enemy.
It can be different for you. Market prices move in recognizable patterns: Those patterns can also reveal specific price levels that help confirm the direction of the trend, or identify the time to step aside. Respecting the price, pattern and trend is the first step toward discipline, instead of yielding to emotions.

Earnings: Is That REALLY What's Driving The DJIA Higher?

2009-10-24T21:45:00.005+07:00

Earnings: Is That REALLY What's Driving The DJIA Higher? The idea of earnings driving the broad stock market is a myth. By Vadim Pokhlebkin It's corporate earnings season again, and everywhere you turn, analysts talk about the influence of earnings on the broad stock market: * US Stocks Surge On Data, 3Q Earnings From JPMorgan, Intel (Wall Street Journal) * Stocks Open Down on J&J Earnings (Washington Post) * European Stocks Surge; US Earnings Lift Mood (Wall Street Journal) With so much emphasis on earnings, this may come as a shock: The idea of earnings driving the broad stock market is a myth. When making a statement like that, you'd better have proof. Robert Prechter, EWI's founder and CEO, presented some of it in his 1999 Wave Principle of Human Social Behavior (excerpt; italics added): Are stocks driven by corporate earnings? In June 1991, The Wall Street Journal reported on a study by Goldman Sachs’s Barrie Wigmore, who found that “only 35% of stock price growth [in the 1980s] can be attributed to earnings and interest rates.” Wigmore concludes that all the rest is due simply to changing social attitudes toward holding stocks. Says the Journal, “[This] may have just blown a hole through this most cherished of Wall Street convictions.”

What about simply the trend of earnings vs. the stock market? Well, since 1932, corporate profits have been down in 19 years. The Dow rose in 14 of those years. In 1973-74, the Dow fell 46% while earnings rose 47%. 12-month earnings peaked at the bear market low. Earnings do not drive stocks. And in 2004, EWI's monthly Elliott Wave Financial Forecast added this chart and comment: Earnings don’t drive stock prices. We’ve said it a thousand times and showed the history that proves the point time and again. But that’s not to say earnings don’t matter. When earnings give investors a rising sense of confidence, they can be a powerful backdrop for a downturn in stock prices. This was certainly true in 2000, as the chart shows. Peak earnings coincided with the stock market’s all-time high and stayed strong right through the third quarter before finally succumbing to the bear market in stock prices. Investors who bought stocks based on strong earnings (and the trend of higher earnings) got killed. So if earnings don't drive the stock market's broad trend, what does? The Elliott Wave Principle says that what shapes stock market trends is how investors collectively feel about the future. Investors' mood -- or social mood -- changes before "the fundamentals" reflect that change, which is why trying to predict the markets by following the earnings reports and other "fundamentals" will often leave you puzzled. The chart above makes that clear. Get Your FREE 8-Lesson "Conquer the Crash Collection" Now! You'll get valuable lessons on what to do with your pension plan, what to do if you run a business, how to handle calling in loans and paying off debt and so much more. Learn more and get your free 8 lessons here.

Gold: What's REALLY Behind the Record Rise, Bull or Bubble?

2009-10-23T01:11:00.003+07:00

By Nico Isaac When prices in a financial market go from Sea Level to Outer Space in a relatively brief time, two scenarios are at work -- and they both start with the letters “B-U.” When a precious metal goes from being a popular long-term investment of buy-and-holders to the quick, get-away “vehicle” of day-traders, two scenarios are at work -- and they both start with letters “B-U.” And when the majority of mainstream pundits see a "new paradigm" in which prices continue to rise indefinitely, two scenarios are at work – and, you guessed it, they both start with the letters “B-U.” Enter: the recent Gold Rush of 2009, when ALL of the above conditions apply. Everyone from hedge funds to housewives now hustle to hitch their asset wagon to the rising gold star. Which begs this question: Which of the possible two scenarios are at work: B-U-ll --- Or B-U-bble? Here’s the difference: A genuine bull market is driven by a self-sustaining internal dynamic that's reflected by a host of technical indicators. A Bubble, on the other hand, is the result of untenable psychology that could shift at any moment and bring prices plummeting down. For long-term forecasts and more in-depth, historical analysis for precious metals, download Prechter’s FREE 40-page eBook on Gold and Silver. It goes without saying into which category the mainstream experts put Gold: namely, a new bull market that has years, if not decades more to soar. “Gold Will Hit $2,000 an ounce,” reads an October 8 Market Watch. And -- “Gold Has More Upside… The metal’s bull run is just getting started,” adds a same day Barron’s. I found hundreds of news items which agree about the long-term potential for gold’s uptrend. But not a single one could tell me why the rally would continue, other than because the experts say so. To know whether a diamond is real, it must cut glass. And, to know whether the bull market in gold is real, it must encompass at least one of these FOUR traits: A surge in demand that outpaces supply A falling stock market, which raises the “safe haven” appeal of precious metals. A real (not imagined) threat of inflation An increase in value relative to major foreign currencies Right now, the Gold market can NOT check off a single one of these items. Case in point: Supply: Demand for gold from jewelry makers – which comprises 60%-70% of the market – has plummeted to its lowest level in 20 years. “Safe haven” appeal: From its March 2009 bottom, the U.S. stock market has soared 50% right alongside rallying gold prices. Inflation: As the October 2009 Elliott Wave Financial Forecast (EWFF) notes: An increase in money supply is only inflationary if it is used to RAISE the total amount of credit. This is NOT happening, as both bank credit and consumer credit levels are contracting for the first time since World War II. A gold rally in other currencies: Again, the October 2009 EWFF presents the following close-up of Spot Gold prices VERSUS Gold denominated in foreign currencies such as the Canadian dollar, the Australian dollar, the euro, franc, pound, and yen since 2007. The major non-confirmation between these two markets is clear, as is the overlying message: IF demand for gold truly outweighed supply, then its value as measured in other currencies would increase. The rise in gold is primarily the result of speculation and a falling U.S. dollar. These are exactly the “untenable” forces that contribute to a Bubble, not a genuine Bull market. The difference is only a matter of time. For long-term forecasts and more in-depth, historical analysis for precious metals, download Prechter’s FREE 40-page eBook on Gold and Silver.

How to Prepare for the Coming Crash and Preserve Your Wealth

2009-10-23T01:08:00.000+07:00

Bob Prechter first released Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression during a stock-market high in 2002, and it quickly became a New York Times–bestseller. Now he has updated the book with 188 new pages for a second edition, and it looks like it, too, will be published near a stock-market high. John Wiley & Sons plans to publish the new edition in late October. Visit Elliott Wave International for information on how to pre-order the new edition from major online retailers. As was widely reported in the dark days of late February and early March 2009, Prechter called for the start of the biggest stock market rally since the 2007 high. Since then, the S&P has soared more than 60 percent in just six months to reach his target zone of 1000-1100. This is one reason why he decided to release his second edition now. The first edition, which was published in early 2002, was "on the mark" with regard to our current economic environment -- so much so that it's uncanny. Prechter’s message has been good for investors who kept their money safe and for speculators who profited from declines. And he still expects a great buying opportunity ahead for those who can keep their money safe until it arrives. Here is a short list of some of the accurate predictions he made in 2002 that have come to fruition: Credit Deflation "Usually the culprit behind [simultaneous stock and real estate] declines is a credit deflation. If there were ever a time we were poised for such a decline, it is now." Chapter 16 Bailout Schemes “If [governments] leap unwisely into bailout schemes, they will risk damaging the integrity of their own debt, triggering a fall in its price. Either way … deflation will put the brakes on their actions.” Chapter 32 Banking and Insurance Stocks “We will see stocks going down 90 percent and more … [and] bank and insurance company failures….” Chapter 14 Collateralized Securities "Banks and mortgage companies … have issued $6 trillion worth of [securitized loans]…. In a major economic downturn, this credit structure will implode." Chapter 19 Derivatives “Leveraged derivatives pose one of the greatest risks to banks….” Chapter 19 Mortgage-Backed Securities "Major financial institutions actually invest in huge packages of … mortgages, an investment that they and their clients (which may include you) will surely regret…. Chapter 16 Fannie Mae and Freddie Mac “Investors in these companies’ stocks and bonds will be just as surprised when [Fannie and Freddie's] stock prices and bond ratings collapse.” Chapter 25 Banks “Banks are not just lent to the hilt, they’re past it. In a fearful market, liquidity even on these so called ‘securities’ [corporate, municipal, and mortgage-backed bonds] will dry up.”… One expert advises, ‘The larger, more diversified banks at this point are the safer place to be.' That assertion will surely be severely tested….” Chapter 19 Insurance Companies “The values of insurance company holdings, from stocks to bonds to real estate (and probably including junk bonds as well), will be falling precipitously…. As the values of most investments fall, the value of insurance companies’ portfolios will fall…. When insurance companies implode, they file for bankruptcy…." Chapters 15, 24 Real Estate "What screams 'bubble' – giant, historic bubble – in real estate today is the system-wide extension of massive amounts of credit to finance property purchases…. [People] have been taking out home equity loans so they can buy stocks and TVs and cars…. This widespread practice is brewing a terrible disaster.” Chapter 16 Rating Services “Most rating services will not see it coming.” Chapter 25 Political Leaders “A leader does not control his country’s economy, but the economy mightily controls his image.” Chapter 27 Short-Selling Ban “In a bear market, bullish investors always come to believe that short sellers are 'driving the market down'…. Sometimes authorities outlaw short selling. In doing so, they remove the one class of investors that must buy.” Chapter 20 Psychological Change “When the social mood trend changes from optimism to pessimism, creditors, debtors, producers and consumers change their primary orientation from expansion to conservation....” Chapter 9 Confidence “Confidence has probably reached its limit. A multi-decade deceleration in the U.S. economy … will soon stress debtors’ ability to pay…. Total credit will contract, so bank deposits will contract, so the supply of money will contract….” Chapter 11 Falling Tax Receipts "Governments … spend and borrow throughout the good times and find themselves strapped in bad times, when tax receipts fall." Chapter 32 "Retirement programs such as Social Security in the U.S. are wealth-transfer schemes, not funded insurance, so they rely upon the government’s tax receipts. Likewise, Medicaid is a federally subsidized state-funded health insurance program, and as such, it relies upon transfers of states’ tax receipts. When people’s earnings collapse in a depression, so does the amount of taxes paid, which forces the value of wealth transfers downward." Chapter 32 "The tax receipts that pay for roads, police and jails, fire departments, trash pickup, emergency (911) monitoring, water systems and so on will fall to such low levels that services will be restricted." Chapter 32

How a Kid With a Ruler Can Make a Million A Lesson in Drawing and Using Trendlines

2009-09-28T19:05:00.002+07:00

By Jeffrey Kennedy When I began my career as an analyst, I was lucky enough to have some time with a few old pros. One in particular that I will always remember told me that a kid with a ruler could make a million dollars in the markets. He was talking about trendlines. I was sold. I spent nearly three years drawing trendlines and all sorts of geometric shapes on price charts. And you know, that grizzled old trader was only half right. Trendlines are one the most simple and dynamic tools an analyst can employ... but I have yet to make my million dollars, so he was wrong -- or at least early -- on that point. Despite being extremely useful, trendlines are often overlooked. I guess it’s just human nature to discard the simple in favor of the complicated. (Heaven knows, if they don’t understand it, it must work, right?) In the chart above, I have drawn a trendline using two lows that occurred in early August and September of 2003. As you can see, each time prices approached this line, they reversed course and advanced. Sometimes, soybeans only fell to near this line before turning up. Other times, prices broke through momentarily before resuming the larger uptrend. What still amazes me is that two seemingly insignificant lows in 2002 pointed the direction of soybeans -- and identified several potential buying opportunities -- for the next six months! Get more lessons like the one above in the free 50-page Ultimate Technical Analysis Handbook. Learn more and download your free copy here.

Prechter Stands Alone Again... He's Done the Math

2009-09-08T00:10:00.000+07:00

By Neil Beers So Bob Prechter is bearish again. That may be no surprise to some, but recall that Prechter was about the only bull on February 23 of this year when he covered the short position he had recommended on July 17, 2007. That was nearly two years later and 800 points lower in the S&P. And the Daily Sentiment Index (DSI) reading for the S&P had gotten down to only 3% bulls! His February 2009 Elliott Wave Theorist explained, "The market is compressed, and when it finds a bottom and rallies, it will be sharp and scary for anyone who is short." Elliott Wave analysis, the DSI, and other indicators suggested it was time for a Primary-degree bear market rally. And that is what we got. Now in his August 2009 Theorist, Bob explains what "the prudent thing to do" in the markets is, based on the same Elliott wave pattern and sentiment indicators -- plus the Dow's 3/8 Fibonacci retracement from the March 9 low. For more analysis from Robert Prechter, download a free 10-page July issue of Prechter's Elliott Wave Theorist. What's so special about Fibonacci? And why is a certain level of Fibonacci retracement so significant in conjunction with The Wave Principle? Well... In its broadest sense, the Wave Principle suggests the idea that the same law [the Golden Ratio] that shapes living creatures and galaxies is inherent in the spirit and activities of men en masse. Because the stock market is the most meticulously tabulated reflector of mass psychology in the world, its data produce an excellent recording of man's social psychological states and trends. This record of the fluctuating self-evaluation of social man's own productive enterprise makes manifest specific patterns of progress and regress. What the Wave Principle says is that mankind's progress (of which the stock market is a popularly determined valuation) does not occur in a straight line, does not occur randomly, and does not occur cyclically. Rather, progress takes place in a "three steps forward, two steps back" fashion, a form that nature prefers. More grandly, as the activity of social man is linked to the Fibonacci sequence and the spiral pattern of progression, it is apparently no exception to the general law of ordered growth in the universe. ... The briefest way to express this principle is a simple mathematical statement: the 1.618 ratio. -Elliott Wave Principle, chapter 3 Fibonacci ratios in conjunction with The Wave Principle can help you anticipate trend changes. They allow you to calculate specific price levels of when and where a wave is likely to end. In this case, where the rally from the March 9 low is likely to end. There are several Fibonacci retracements that appear most commonly, so the market could of course move higher before it settles on the next wave down, "but we are no longer compelled to wait." Bob Prechter's August Elliott Wave Theorist published a week and a half early: he did so to give subscribers time to prepare for what's ahead. The issue provides a list of levels that mark Fibonacci and Elliott-wave related retracements for the rally. He analyzes which one is the most likely end point, and even explains how you can make the most of the waning rally. You don't have to be taken by surprise. Get the latest Elliott Wave Theorist and you'll see where the rally is likely to end. Think about the difference this knowledge can make for you. For more analysis from Robert Prechter, download a FREE 10-page July issue of The Elliott Wave Theorist. It challenges current recovery hype with hard facts, independent analysis, and insightful charts. You'll find out why the worst is NOT over and what you can do to safeguard your financial future.

How IRAs Can Tie Investors' Hands -- and What To Do About It

2009-09-04T23:53:00.001+07:00

By Susan C. Walker Editor's Note: The following article discusses Robert Prechter's view of investment vehicles and government-regulated plans. For more analysis from Robert Prechter, download a free 10-page July issue of Prechter's Elliott Wave Theorist. It's a blessing and a curse. IRAs, 401(k)s, thrift plans -- some of the best ways to save money for retirement (the blessing) can tie your hands when you invest that money (the curse). Most savers didn't recognize the cursed side as the markets generally trended up over the years, increasing their nest eggs' earnings. But after a year like 2008, savers everywhere absorbed the shock that they couldn't protect their retirement savings from a bear market. Now, the real moment of truth arrives: EWI forecasts that the market will again turn bearish. How can you protect what you've got when your plan doesn't have any options for short-side investing? Bob Prechter addresses that question in his most recent Theorist. * * * * * Excerpted from The Elliott Wave Theorist, by Robert Prechter, published August 5, 2009 Investment Vehicles and Government-Regulated Plans We receive many emails from subscribers asking specific questions about investing [such as,] “Is it O.K. to invest in such-and-such short fund if that is my only short-side option?” Again, given the market-tracking mechanics of such funds, the only answer we can give in good conscience is “no.” … But every question prompts others. Why is this our friend’s “only option”? The funds mentioned are the only ones in which a “long” is really a short, so we would guess that our friend has some sort of government-regulated retirement plan that allows only “long-side” purchases. Others with retirement plans similarly complain that their plans do not include the option of owning Treasury-only paper and ask if such-and-such other money fund is safe enough to buy. In our view, most money funds assuredly do not offer the level of safety that we advocate. Moreover, such plans are often administered by brokers, and brokers will be in chaos during wave 3 down. These questions reveal just some of the problems an investor encounters when playing the government’s games. Conquer the Crash (see Ch. 23) recommended taking every opportunity to cash out of IRAs, Keoughs, company-provided plans, etc., all of which are government regulated, thereby freeing up your money so that you would have full say over its use. By signing up for one of the government’s “deals,” a potential short seller now has no good choices and is therefore effectively barred from selling short. A prudent investor who wants to own the safest debt may likewise be barred from buying T-bills if he participates in a government-regulated, company retirement plan. Should he buy the only money fund available and cross his fingers? Government rules often force people into bad decisions. In this case, the “good deal” the government engineered for your retirement is a trap that prohibits you—at the most important time in modern history—from buying the safest debt instruments and from making money in a bear market…. Irony attends both financial markets and government plans. Put them together—as we have witnessed throughout the financial crisis so far—and you get Kafka.

Credit Card Processor for Simpler Ecommerce Business Transaction

2009-08-23T02:09:00.000+07:00

We know that the world has been developed widely with kinds of modern technology. The technology of digital is the biggest and most used today. It gives so many kinds of functions and makes international connection becoming very easy, simple and fast. In such digital technology; ecommerce is the most common one and a business with good benefits everyday. Perhaps you are one of the Ecommerce businessmen. Yes, it is a business that can give much more benefits for the simpler business transaction and many more customers. For ecommerce is a business that is done through the virtual world; the financial transaction is also done digitally; it is credit card payment that demands the customers to pay firstly then the products will be sent. The electronic payment way will make faster the business transaction than the traditional one such as check sending that will spend weeks to complete the transaction. Having such business; you certainly need to prepare one or more credit card processor where your customers can do the payment simply. With the professional system and service you have; the customers will certainly be satisfied and return to have another purchasing. Just complete your business with qualified credit card processor. You can visit Americaprocessing.com; read all of the information and apply the service online.

Gold Coins for Your Children

2009-06-16T21:07:00.001+07:00

Gold still becomes the first choice of personal investment. This precious metal surely has high price and in the future you can get higher price for your gold than the price when you bought it. It can help you to make sure that your children have good future with your gold coins collection. Even though gold coins can assure the future of your children, but you have to make sure that you get the certified coins. Goldcoinsgain.com helps you to complete your collection with its certified gold coins collections. You can see on its catalog that this website offers gold coins from numerous countries. These coins also have the legal certification. This website also helps you to get gold information from IRA and other government institutions. The useful information from this website will guide you to make the right choice for your gold collection. It is easy to get one of the gold coins from this website. You only have to follow the procedure on this website. You do not need to be worry because this website provides the guides on each step. This certified gold coin will assure that your children have bright future with enough of funds to support their life.

Bob Prechter: Gold is Still Money

2009-06-03T20:48:00.000+07:00

By Robert Prechter, CMT The following article is excerpted from a brand-new eBook on gold and silver published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. For the rest of this fascinating 40-page eBook, download it for free here. Have you ever traveled abroad and taken a look at the local currency and wondered how the citizens of that country could take seriously what looks like “Monopoly money?” I’ve got news for you: You’re using the same stuff. Monopoly money is the money over which some government has a monopoly. It is the currency of the realm only because the state makes it illegal to use any other type. Promissory notes issued by a state and declared the only legal tender are always doomed to depreciate to worthlessness because of the natural incentives and forces associated with governments. A state cannot resist a method of confiscating assets, particularly one that is hidden from the view of most voters and subjects. By extension, it is unreasonable to advocate a standard for such notes, which is simply a state’s promise that its currency will always be redeemable in a specific amount of something valuable, such as gold. A gold standard of this type is only as good as the political promises behind it, reducing its value to no more than that of paper. It could be argued, in fact, that a state-sponsored gold standard is far more dangerous than none at all, as it imbues citizens with a false sense of security. Their long range plans are thus built upon an unreliable promise that the monetary measuring unit will remain stable. Later, when the government’s “IOU-something specific” becomes, as Colonel E.C. Harwood put it, “IOU nothing in particular,” reliability disappears and the arbitrary reigns. Although the populace tends to retain its confidence in the currency for awhile thereafter, the ultimate result is chaos. The only sound monetary system is a voluntary one. The free market always chooses the best possible form, or forms, of money. To date, the market’s choice throughout the centuries, wherever a free market for money has existed, has been and remains precious metal and currency redeemable in precious metal. This preference will undoubtedly remain until a better form of money is discovered and chosen. Until then, prices for goods and services should be denominated not in state fictions such as dollars or yen or francs, but in specific weights of today’s preferred monetary metal, i.e., in grams of gold. Anyone might issue promissory notes as currency, but the acceptance of such paper certificates would then be an individual decision, and risks of loss through imprudence or dishonesty would be borne by only a few individuals by their own conscious choice after considering the risks. Critical to the understanding of the wisdom of such a system is the knowledge that private issuers of paper against gold have every long run incentive to provide a sound product, just as do producers of any product. As a result, risks would be minimal, as the market would provide its own policing. Thievery and imprudence will not disappear among men, but at least such tendencies in a free market for money would not have the potential to be institutionalized, as they are when a state controls the currency. From a macroeconomic viewpoint, occasional losses resulting from dishonesty or imprudence would be extremely limited in scope, as opposed to the nationwide disasters that state controlled paper money has facilitated throughout history, which have in turn had global repercussions. As Elliott Wave Principle put it, “That paper is no substitute for gold as a store of value is probably another of nature’s laws.” That being said, it is also true, and crucial to wise investing, that markets come in both “bull” and “bear” types. Being a “gold bug” at the wrong time can be very costly in currency terms. For nearly three decades, gold and silver’s dollar price trends have confounded the precious metals enthusiasts, who for the entire period have argued that soaring gold and silver prices were “just around the corner” because the Fed’s policies “guarantee runaway inflation.” Yet today, 29 years after the January 1980 peaks in these metals and despite consistent inflation throughout this time, their combined dollar value (weighting each metal equally) is still 40 percent less than it was then. It is all well and good to despise fiat money, but it is hardly useful to sit in gold and silver as if no other opportunities exist. In contrast to the one-note approach, which has had an immense opportunity cost since 1980, competent market analysis can help you make many timely and profitable financial decisions in all markets, including gold and silver. For more in-depth, historical analysis and long-term forecasts for precious metals, download Prechter’s FREE 40-page eBook on Gold and Silver.

Elliott Wave Principle

2009-05-21T20:56:00.000+07:00

The Elliott Wave Theory is named after Ralph Nelson Elliott. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. In fact, Elliott believed that all of man's activities, not just the stock market, were influenced by these identifiable series of waves. Elliott based part his work on the Dow Theory, which also defines price movement in terms of waves, but Elliott discovered the fractal nature of market action. Thus Elliott was able to analyse markets in greater depth, identifying the specific characteristics of wave patterns and making detailed market predictions based on the patterns he had identified. In the 70s, the Elliott Wave Principle gained popularity through the work of Frost and Prechter. They published a legendary book (a must for every wave student) entitled "Elliott Wave Principle...key to stock market profits" in 1978, wherein they predicted, in the middle of the crisis of the 70s, the great bull market of the 1980s. Not only did they correctly forecast the bull market but Robert R. Prechter also predicted the crash of 1987 in time and pinpointed the high exactly. Only after years of study, did R.N. learn to detect these recurring patterns in the stock market. Apart from these patterns he also based his market forecasts on Fibonacci numbers. Everything he knew has been published in several books, which laid the foundation for people like Bolton, Frost and Prechter, to make profitable forecasts, not only for stock markets, but for all financial markets.

Credit Card Processor for Business

2009-05-06T21:30:00.000+07:00

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Think That Central Banks Move the Markets? Think Again

2009-04-25T00:03:00.000+07:00

By Mark Galasiewski The following is excerpted from Elliott Wave International’s Global Market Perspective. The full 120-page publication, which features forecasts for every major world market, is available free until April 30. Visit Elliott Wave International to download it free. Conventional wisdom says that central banks can influence or even direct financial markets and the macroeconomy. The very existence of Elliott waves challenges such assumptions. For if markets responded to every central bank directive, how could Elliott waves exist? Parallel trend channels, Fibonacci price relationships, the similarity of form between waves of different sizes and time periods—none of that would be possible. Central bank decisions would have to coincide perfectly with turning points in Elliott waves, and we know that just doesn’t happen. But even without using waves, we can expose the conventional wisdom for the fallacy that it is. Take, for example, this assertion in a recent article in a U.K. economic weekly: “Part of the aim of central banks in driving down interest rates is to encourage a greater risk appetite among investors.” Two key assumptions underlie that statement: a) central banks determine interest rates; and b) lower interest rates can increase society’s appetite for risk. To see how the first assumption is false, let’s take a look at the daily chart of Australian interest rate data. It duplicates a study that Elliott Wave International has often done with U.S. interest rate data. It shows how movements in the cash target rate set by Australia’s central bank, the Reserve Bank of Australia (RBA), appear to follow those in 3-month Australian Treasury Bills. After decisive moves up in T-bills from 2006 to early 2008, for example, the RBA faithfully raised its target. T-bills have since led the RBA during the financial crisis of the past year. In fact, the record indicates that the RBA almost always follows T-bills over time. The RBA follows Treasury Bills The proper conclusion to draw is not that the RBA has orchestrated the decline in rates since the early 1980s—but that it’s been riding it. During good times, central bankers look like geniuses; during bad times, they get tarred and feathered. Closer to the truth is that their interest-rate decisions are not proactive, but reactive, and that they continually follow in the footsteps of the market for lack of any other useful guide. Now let’s look at the second assumption: that lower interest rates increase society’s appetite for risk. A simple glance at the weekly chart shows this assumption to be false. After the 1987 crash, the ASX All Ordinaries actually rallied for two years on rising rates and then sold off through 1990 on falling rates. Stocks then rose in 1991 on continued falling rates and sold off in 1992 on even lower rates. Continue following the chart to the right and you will see that there is no consistent correlation between the direction of interest rates and that of the stock market. Stocks have no consistent correlation to interest rates The myth of central bank potency is so pervasive that conventional analysts can’t even imagine a better explanation for price trends: that the market is the dog wagging its central bank tail, not the other way around. For more information, download Elliott Wave International’s FREE issue of Global Market Perspective, available until April 30. The 120-page publication covers every major world market, global interest rates, international currencies, metals, energy and more.

Bob Prechter on Silver & Gold

2009-04-21T00:04:00.000+07:00

In case you hadn't noticed: Over the past year of financial turmoil, the "safe haven" premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks. It goes without saying that the greatest opportunities in precious metals were not had by those who played the "disaster hedge" card; but rather by those who timed the trends as they developed, regardless of the fundamental backdrop. Bob Prechter is in the latter group. Amidst the buzz and whirl of the most bullish backdrop in precious metals' recent history, gold and silver prices soared to new, all-time highs and calls for a "New Gold Rush" and "$30 Silver" flooded the mainstream airwaves. Yet Bob alerted subscribers to an approaching top in the March 14, 2008 Elliott Wave Theorist. "The wave count [in silver] is nearly satisfied, though ideally it should end after one more new high. If this analysis is accurate, and silver does peak and begin a bear market, gold is likely to go down with it." In the days that followed, prices in both metals fell off a cliff. In turn, Bob was asked to address his exceptional call for a turn down in a March 19, 2008 Bloomberg interview. Here are of excerpts from that conversation: Bloomberg: "Why did you put out that call on Friday (March 14) about a peak in precious metals?" Editor’s Note: You can download Bob Prechter’s 5-page report, Gold & Recessions, free from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions. Bob Prechter: "One of the reasons is that it seemed like an absolutely sure thing. We track several indicators of sentiment. One of them is the Daily Sentiment Index (DSI). That reached 98% bulls on a one-day basis going into this last high. We were tracking silver as well… as it is clearest in our minds. Now, at the time, we needed one more slightly new high. That happened Monday morning and silver dropped 15% in 48 hours. That's a heck of a reversal and I think it's real." "Real" indeed: From their March peaks, gold prices plummeted 34%, alongside a 60% sell-off in silver before hitting the breaks in October. Here, the October 2008 Elliott Wave Financial Forecast prepared for a corrective rebound and wrote: "Silver traced out a five-wave decline from its March peak…Gold should also rally as silver pushes higher. Once silver's rise is exhausted (initial target: $15.15), the larger downtrend should resume for both metals." A powerful, four-month bounce ensued in both metals: Gold prices came within kissing distance of its March peak before turning down on February 20; silver followed suit -- a fulfillment of this bearish, near-term insight presented in the February 23 Elliott Wave Theorist: "Silver has been clear as a bell. Silver is due to turn back down, and gold, which is back at $1000/oz, is likely to follow." Since then, it's been a steady march lower for both metals. Obviously, EWI's forecasts do not always prove this accurate. Yet in this case the analysis speaks for itself. For more metals analysis from Bob Prechter, download Gold & Recessions a free 5-page report from Elliott Wave International. It features 63 years of historical analysis that reveals how gold, T-notes, and the DJIA have performed in recessions and expansions.

Key To Trading Success: Ignore Nature's Laws?

2009-04-21T00:02:00.000+07:00

The following is excerpted from Robert Prechter’s Independent Investor eBook. The 75-page eBook is a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free. By Robert Prechter, CMT …The natural tendency of people to apply physics to finance explains why successful traders are so rare and why they are so immensely rewarded for their skills. There is no such thing as a “born trader” because people are born — or learn very early — to respect the laws of physics. This respect is so strong that they apply these laws even in inappropriate situations. Most people who follow the market closely act as if the market is a physical force aimed at their heads. Buying during rallies and selling during declines is akin to ducking when a rock is hurtling toward you. Successful traders learn to do something that almost no one else can do. They sell near the emotional extreme of a rally and buy near the emotional extreme of a decline. The mental discipline that a successful trader shows in buying low and selling high is akin to that of a person who sees a rock thrown at his head and refuses to duck. He thinks, I’m betting that the rock will veer away at the last moment, of its own accord. In this endeavor, he must ignore the laws of physics to which his mind naturally defaults. In the physical world, this would be insane behavior; in finance, it makes him rich. Unfortunately, sometimes the rock does not veer. It hits the trader in the head. All he has to rely upon is percentages. He knows from long study that most of the time, the rock coming at him will veer away, but he also must take the consequences when it doesn’t. The emotional fortitude required to stand in the way of a hurtling stone when you might get hurt is immense, and few people possess it. It is, of course, a great paradox that people who can’t perform this feat get hurt over and over in financial markets and endure a serious stoning, sometimes to death. Many great truths about life are paradoxical, and so is this one. For more information, download Robert Prechter’s free Independent Investor eBook. The 75-page resource teaches investors to think independently by challenging conventional financial market assumptions.

Are We Near a Low in the Stock Decline? Two Unique Charts Reveal the Answer

2009-04-20T23:58:00.003+07:00

Robert Prechter, New York Times best-selling author and renowned market analyst, was recently asked to present his thoughts on the real estate market and the financial crisis to the Georgia Legislature. The following article has been adapted from the transcript. Elliott Wave International has made the full presentation available free, including the full transcript and 30-minute online video. By Robert Prechter, CMT I'd like to try to answer a question: “Are we near a low in the stock decline?” Because in these times when stocks and real estate are declining together, they tend to bottom roughly together as well. So I want to take a minute and look at a valuation chart for the stock market.

What we have here on the “X” axis is the bond yield/stock yield ratio for the S&P 400 companies. Sounds fancy, but all it means is that the further you go out to the right, the less companies are paying in dividends compared to what they are paying on their IOUs—on their bonds. On the “Y” axis we have stock prices relative to book value. Book value is roughly equivalent to liquidation value, in other words, if you went and sold all the assets on the open market. When stocks get expensive, prices tend to rise relative to book value, and dividends tend to fall relative to the cost of borrowing. Why does that happen? At such times, people don't really care about dividends because they think they are going to get rich on capital gains. So dividend payout falls, and stocks get more expensive. The small square boxes indicate year-end figures. The large box is a general area that has contained values for the stock market for most of the years of the 20th century. We had a few outliers: 1928 and August 1987, which preceded crashes in the stock market. And of course stocks were really cheap in the early '30s and again in 1941. If you are really astute, you have noticed something about this chart, which is that I've left off some of the data. It ends in 1990. What happened in the past two decades? Now I'm going to show you same chart but with the data from the last two decades on it. The March 2000 reading we call Pluto. Real estate wasn't so bad; I think it only got to about Neptune. But the stock market reached Pluto in March of 2000 in terms of the bond yield/stock yield ratio and the price multiple of the underlying values of companies. That's going to take quite awhile to retrace.

I've also plotted the reading for November 2008. The market has made quite a trek back toward normal valuations, but if you look at these multiples in terms of book value, we are at 4 times. It has to go down to 2 times to get back into the box, and we are getting there on the bond yield/stock yield ratio which means that the dividend payout is rising somewhat to catch up with borrowing costs. And because the S&P is down 45%, of course, the dividend payout as a percentage has gone up. But there is a problem there. If you're reading the newspapers, you know that companies have been cutting dividends. In fact, they've been cutting them at the fastest rate in half a century. So it is going to be difficult for values to get back to a normal valuation range. So the stock market has quite a bit lower to go in order to catch up with normal values, and this suggests that real estate may have the same sort of trend going on. For more information, access Robert Prechter's full presentation to the Georgia Legislature, free from Elliott Wave International. It expands on the excerpt above with the full transcript, a 30- minute online video, and 12 additional charts and figures.

6 Questions You Should Be Asking About the Financial Crisis (And 6 Must-Read Answers)

2009-04-20T23:53:00.001+07:00

Elliott Wave International, the world’s largest market forecasting firm, receives thousands of questions every year from web site visitors and subscribers on their free Message Board. Here the company shares 6 of the recent critical questions on the financial crisis and 6 answers provided by their professional analysts. For more free questions and answers or to submit your own question, visit Elliott Wave International’s Message Board. Q: Can increased government spending help stop the crisis? What do you think about the new mortgage bailout plan – or bailouts and proposals for additional government spending in general? The opinions on whether or not this will ultimately work seem so divided... Answer: In Ch. 13 of his Conquer the Crash, “Can the Fed Stop Deflation?”, Bob Prechter writes; quote: "Can the government spend our way out of deflation and depression? Governments sometimes employ aspects of' 'fiscal policy,' i.e., altering spending or taxing policies, to 'pump up' demand for goods and services. Raising taxes for any reason would be harmful. Increasing government spending (with or without raising taxes) simply transfers wealth from savers to spenders, substituting a short-run stimulus for long-run financial deterioration. Japan has used this approach for twelve years, and it hasn’t worked. Slashing taxes absent government spending cuts would be useless because the government would have to borrow the difference. Cutting government spending is a good thing, but politics will prevent its happening prior to a crisis. ... Prior excesses have resulted in a lack of solutions to the deflation problem. Like the discomfort of drug addiction withdrawal, the discomfort of credit addiction withdrawal cannot be avoided. The time to have thought about avoiding a system-wide deflation was years ago. Now it’s too late. It does not matter how it happens; in the right psychological environment, deflation will win, at least initially." Q: In deflation, what's best: to have no debts or preserve capital? During a deflationary period, if you had to choose one or the other – debt reduction or preservation of capital – which one is MOST important? Answer: In Ch. 29 of Conquer the Crash, "Calling in Loans and Paying off Debts," Elliott Wave International’s founder and president Bob Prechter writes; quote: "Being debt-free means that you are freer, period. You don’t have to sweat credit card payments. You don’t have to sweat home or auto repossession or loss of your business. You don’t have to work 6 percent more, or 10 percent more, or 18 percent more just to stay even. ...the best mortgage is none at all. If you own your home outright and lose your job, you will still have a residence." Of course, one could pay off some debts AND keep some capital – it all depends on an individual's risk appetite and tolerance. Q: Which news and events can move the market and which can't? I've noticed that a lot of times, the stock market does the opposite of what the news suggests it should do – or does nothing at all. Can you make a distinction, if there is one, between news that does not move the market and the news that does? I'm talking specifically about the news and anticipation of another bailout plan plus stimulus package that is supposedly rallying U.S. stocks right now. Answer: The subject of the news is almost irrelevant. What IS relevant is the state of investors' collective mood at the time of the news release. If they feel bullish (or bearish), they will interpret just about any news story as bullish (or bearish) too. (Or "dismiss the news," as financial commentators often put it.) If you need a good example, just compare the February 6 horrific U.S. jobs report with that day's rally in the DJIA. Or, contrast the February 10 passage of the "$838 Billion Economic Stimulus Package" with a 300+ drop on the Dow. The important thing to keep in mind is that while the news can cause short-term price spikes, it has no effect on the longer-term trend; only social mood does. Q: If this deflation deepens, will the US dollar crash? Bob Prechter’s Conquer the Crash and your monthly publications like Bob’s Elliott Wave Theorist, you've been saying that in deflation, "cash is king" as the value of the dollar rises. But won't the U.S. government's spending spree cause the dollar to crash instead against the euro and other currencies? Answer: It's very important to make a distinction between the dollar's domestic and international values. In a deflation, the value of any currency – the U.S. dollar, in this case – rises domestically: As asset prices fall, each unit of currency buys more domestically-available goods and services. "Cash is the only asset that assuredly rises in value during deflation." – Bob Prechter, Conquer the Crash, Ch. 18. However, the USD's international value (as represented by the U.S. Dollar Index) in a deflation can rise OR fall relative to other currencies. If, for instance, the euro is deflating faster than the dollar, then the dollar's value relative to the euro will rise, and vice versa. Q: Won't government bailouts turn deflation into inflation? Trillions of dollars in bailouts "injected" into the economy – won't they reverse deflation and turn it into inflation instead? Answer: Here is a quote from Bob Prechter’s October 2008 Elliott Wave Theorist: "Believers in perpetual inflation think that the government can keep assuming others’ bad debts infinitely. But it can’t. The only reason that Congress has gotten away with issuing this latest blizzard of new IOUs is that society is still near the top of a Grand Supercycle, so optimism and confidence still have the upper hand. But as pessimism and skepticism continue to wax and the economy contracts, the bond market will figure out that the Treasury will be unable to fund all these obligations with tax collections. Then Treasury bond prices will begin falling as if they were sub-prime mortgages. A collapsing bond market is deflation; it is a contraction of the outstanding credit supply. Recent bailout schemes will not reverse the deflationary freight train. They will serve only to confuse the marketplace and hinder the efficient retirement of bad debts, thus exacerbating the crisis and aggravating investors’ uncertainties and thereby falling right in line with the declining trend of social mood." Q: When will recession end – and DEPRESSION begin? When do you think the economic DEPRESSION will officially begin? Answer: It took mainstream economists over a year to recognize the "official" start of the recession! Because a depression is a much bigger and rarer event, the delay with its "official" recognition will likely be even greater. Not to mention the fact that, interestingly, there is no "official" definition of a depression; even if there were one, ours here at Elliott Wave International would probably differ. Rest assured, though: We intend to update subscribers on any "progress" in that direction. To read 30+ additional questions and answers on the financial crisis, investing, capital safety and more, visit Elliott Wave International’s free Message Board.

Offer Prechter's New Theorist at 45% Off

2009-03-04T18:48:00.000+07:00

The Elliott Wave Financial Forecast recorded an 18.5% gain over the past 12 months, and is the second-best performer over the past year (of the newsletters covered by Hulbert), all while (again, according to Hulbert) taking on less risk than the broad market. And right now, they're making a special offer available to <fOREX fORECAST> readers that coincides with today's release of the latest issue of the Financial Forecast's sister publication, Robert Prechter's Elliott Wave Theorist. This offer is only good for a few days, but right now you'll get a special low price on a three-month subscription -- save 45% off the regular price -- plus get a free copy of Bob Prechter's updated Conquer the Crash.

In his brand-new Elliott Wave Theorist, Robert Prechter says that once you read the evidence he presents, “you will know whether or not the market is at a bottom.”

This new January 2009 Theorist is more than a must-read issue; it's one of the most profound and important of Prechter’s career.

Of course, as with all the offers at Elliott Wave, they have a 100% satisfaction guarantee to go along with your order, you can read all the details here.

Free Online Course: How to Use Elliott Wave to Boost Your Forex Trading

2009-02-28T16:46:00.000+07:00

Elliott wave analysis is something many Forex traders use. It's not a crystal ball (what is?), but it helps you accomplish three crucial goals: Identify the trend, stay with it, and know when the trend is likely over.

To help learn this comprehensive method, Elliott Wave International has opened up free access to their online trading course, How to Use Elliott Wave to Boost Your Forex Trading. The 90-minute course is normally priced at $79.

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How to identify trade set-ups in currencies
How to set protective stops using Elliott to help manage risk
How to set price targets using Elliott wave analysis
How to identify a wave pattern in real-time Forex trading on your screen
What to expect from a market when a wave pattern ends
How to combine other market indicators with your Elliott wave analysis
How to set price targets for waves using Fibonacci numbers
And MORE!

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How to Use Elliott Wave Analysis to Boost Your Forex Trading A Free Trading Video From the World's Largest Market Forecasting Firm

2009-02-26T00:42:00.000+07:00

This video lesson features Elliott Wave International Senior Currency Analyst, Jim Martens, demonstrating how you can use Elliott wave analysis to identify opportunities in your Forex trading.

This is just a short excerpt. For a limited time, you can access the full $79 online trading course, FREE. Visit Elliott Wave International for your free access.

You'll get all the details behind the analysis you see in this video preview.

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Deflation eBook Event

2009-02-21T20:51:00.000+07:00

That’s right, the final installment of Robert Prechter’s 60-page eBook: A Guide to Understanding Deflation is finally available for free download.

Until today, most of the valuable insights in this still-prescient eBook were available only to Prechter’s faithful subscribers.

With you in mind, Prechter personally handpicked and compiled this eBook from his most important teachings and warnings about deflation. It’s delivered to you, unedited, in a printer-friendly format – it’s yours to keep forever at absolutely no cost.

While Prechter has received criticism for his early market timing, his fame comes at least partly from his accuracy in describing future market events. His first book, The Elliott Wave Principle – Key to Market Behavior (1978), made him famous as the analyst who forecast a raging bull market in the face of persistent bearishness. Years later, in 1987, he solidified his place as a Wall Street icon for getting his subscribers out of stocks before the Black Monday stock market crash. Now, more than two decades later, Prechter once again appears to be ahead of the investment herd with his forecast for a great deflationary bear market, which was detailed in his 2002 best-seller Conquer the Crash – You Can Survive and Prosper in a Deflationary Depression.

Simply put, to plot the release of Prechter’s Elliott Wave Principle and Conquer the Crash on a long-term chart of U.S. stocks is an exercise for the history books. Each book presented evidence so unorthodox – yet refreshingly logical – that his detractors were quick to write off his conclusions. Only the people who had the guts to heed his warnings and recognize the wisdom of going against the herd were positioned for the opportunities that awaited them.

Because yesterday has already past, it’s more important today than ever for you to learn more about Prechter’s teachings and warnings about deflation.

Prechter believes that we’re only about one-third of the way through this bear market, so – if he’s right – there’s still time to position your investments to not only survive but prosper in a deflationary environment. Only those who survive will be prepared for the monumental buying opportunity that awaits them at the bottom.

Prechter’s NEW 60-page eBook: The Guide to Understanding Deflation, part of Prechter’s comprehensive Deflation Survival Guide, is yours to download completely for free. The Deflation Survival Guide will help you 1) understand deflation, 2) prepare for it and 3) adapt during it – the three critical steps for deflation survival.

Learn more about this unique opportunity by following the link below.

Download Your Free eBook

Free Theorist: Be One of the Few the Government Hasn't Fooled

2009-02-21T20:40:00.000+07:00

Prechter’s FREE 10-Page Market Letter: Be One of the Few the Government Hasn’t Fooled

Elliott Wave International (EWI), the world’s largest market forecasting firm, has re-released Bob Prechter’s 10-page market letter, FREE!

Downloaded thousands of times in its original launch, EWI has put it back online for a limited time!

Wall Street Legend and best-selling author Bob Prechter reveals 28 answers to questions you may not know to ask and the government definitely doesn’t want you to know.

You’ll read blunt commentary and sharp analysis that reveals the truth about what’s really going on in the U.S. financial markets, in Congress, and at your very own bank. As the U.S. government pulls a sleight-of-hand trick on the unsuspecting public, you can break the cycle of misinformation by reading this 10-page report.

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Warning: Prechter’s answers to these questions may shock you.

What impact did the so-called “stimulus package” have on the U.S. economy?
In an economic depression, will pension funds keep most retired Americans afloat?
Who really benefits when the government props up Fannie Mae and Freddie Mac, and what's the fraud behind the idea of “too important” to fail?
Who does the government consider to be homeowners: you and your neighbors, or the banks that hold the deeds?
Who really endorsed the emergency Housing Act – and who will be hurt by it?
Can the Fed keep making loans to banks forever?
Is it actually against the law in some states to warn people of potentially dangerous banks?
And many more!

Don’t wait! Get this free report that readers are calling “a wake up call to lots of Americans.” Click Here to Get Your Free Report

Credit Crisis Survival Kit

2009-02-21T20:05:00.000+07:00

Before it became the worst credit crisis since the Great Depression, the credit crisis used to be an arcane topic discussed only in financial publications. Now, it's on every computer, television screen, and front page of every newspaper in the world. It may have you worried about what you can do to get through it with your personal finances still intact. What can you do about it? Download Your Free Credit Crisis Survival Kit Elliott Wave International, the world’s largest market forecasting firm, put together this free resource featuring 15 hand-picked reports and videos that will show you: 1. How we got into this mess 2. How to survive and prosper from it 3. When you can expect the crisis to end The detailed analysis covers topics worrying you and millions (if not billions) of other people around the world who are learning more and more about the dangers of the Credit Crisis every day. Here are just 5 of the 15 topics covered: * How Do I Find a Safe Bank? * What Happens During a Credit Implosion? * How Do I Ride Out this Crisis? * What If You Can’t Sell Your House? * Buy & Hold or Sell & Fold? Read All 15 and Download Your Free Credit Crisis Survival Kit

Forex Trading

2009-02-21T17:22:00.000+07:00

What is Forex ? If you dont know what is forex, read this ! The foreign exchange market is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts. what is excess of forex trading ?

Easy to start, easy to trade
24-hour availability
Margin trading
Trading both in rising and falling market
High liquidity.

Within the last three decades Foreign Exchange Market has integrated into the world's largest financial market. Now the volume of daily transactions is about $3 trillion. The modern structure of the Forex market was established in the early 1970's after abolishment of the Bretton Woods Agreement.

Forex Trading Forecast

New Report: It's Dangerous to Diversify -- Find Out Why

New Report: It's Dangerous to Diversify -- Find Out Why A free report from Elliott Wave International reveals the risks of portfolio diversification

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Option 2: Title, byline, and very short description

Option 3: Full Article

New Report: It's Dangerous to Diversify -- Find Out Why A free report from Elliott Wave International reveals the risks of portfolio diversification December 16, 2010

By Elliott Wave International

How a "Dull" Investment Can Be a Great Investment

How a "Dull" Investment Can Be a Great Investment ...until it isn't any more. An important story for today's bond investors.

Option 1: Title and byline

Option 2: Title, byline, and very short description

Option 3: Full Article

How a "Dull" Investment Can Be a Great Investment ...until it isn't any more. An important story for today's bond investors. December 9, 2010

By Elliott Wave International

Safe To Play Forex

United STRAITS of America: The Muni Bond Crisis Is Here

Elliott wave subscribers were prepared for municipal bonds troubles months in advance November 24, 2010

By Elliott Wave International

EWI's Newest Service Picks ETFs: Interview with the Editor

EWI's Newest Service Picks ETFs: Interview with the Editor EWI's Wayne Stough adds another Flash opportunity service to the line-up: ETFs October 7, 2010

By Elliott Wave International

Forex forecast update

Credit Card Processing Service At Totally Low Fees

Credit Card Processing Solutions

Simple Way to Get Best Life Insurance

Individual Investors Have Jumped Into Another Fire

By Robert Prechter, CMT

The FDIC Anesthesia Is Wearing Off

By Robert Prechter

If Stocks Tank, Shouldn't Gold Soar?

Popular Culture and the Stock Market

By Robert Prechter, CMT

If You Think the Past Decade Was Bad For Stocks, Wait Till You See This The major stock indexes are the wrong place to look

By Robert Folsom

Earnings: Is That REALLY What's Driving The DJIA Higher?

Gold: What's REALLY Behind the Record Rise, Bull or Bubble?

How to Prepare for the Coming Crash and Preserve Your Wealth

How a Kid With a Ruler Can Make a Million A Lesson in Drawing and Using Trendlines

Prechter Stands Alone Again... He's Done the Math

How IRAs Can Tie Investors' Hands -- and What To Do About It

Credit Card Processor for Simpler Ecommerce Business Transaction

Gold Coins for Your Children

Bob Prechter: Gold is Still Money

Elliott Wave Principle

Credit Card Processor for Business

Think That Central Banks Move the Markets? Think Again

Bob Prechter on Silver & Gold

Key To Trading Success: Ignore Nature's Laws?

Are We Near a Low in the Stock Decline? Two Unique Charts Reveal the Answer

6 Questions You Should Be Asking About the Financial Crisis (And 6 Must-Read Answers)

Offer Prechter's New Theorist at 45% Off

Free Online Course: How to Use Elliott Wave to Boost Your Forex Trading

How to Use Elliott Wave Analysis to Boost Your Forex Trading A Free Trading Video From the World's Largest Market Forecasting Firm

Deflation eBook Event

Free Theorist: Be One of the Few the Government Hasn't Fooled

Credit Crisis Survival Kit

Forex Trading

New Report: It's Dangerous to Diversify -- Find Out Why
A free report from Elliott Wave International reveals the risks of portfolio diversification

New Report: It's Dangerous to Diversify -- Find Out Why
A free report from Elliott Wave International reveals the risks of portfolio diversification
December 16, 2010

How a "Dull" Investment Can Be a Great Investment
...until it isn't any more. An important story for today's bond investors.

How a "Dull" Investment Can Be a Great Investment
...until it isn't any more. An important story for today's bond investors.
December 9, 2010

Elliott wave subscribers were prepared for municipal bonds troubles months in advance
November 24, 2010

EWI's Newest Service Picks ETFs: Interview with the Editor
EWI's Wayne Stough adds another Flash opportunity service to the line-up: ETFs
October 7, 2010