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Regular readers know that I’m a big fan of Bob Prechter’s investment analysis. One of my favorite aspects of his work is the use of sentiment indicators as a market timing mechanism – that is, when everyone is bearish, you should be greedy, and when everyone is bullish, you should run for the hills. In […]
Our friends at EWI have been kind enough to allow us to republish the following -an excerpt from Robert Prechter’s latest Elliott Wave Theorist. Read on to learn why Prechter advises that you avoid muni bonds at all costs… Individual Investors Have Jumped Into Another FireDecember 20, 2009 By Robert Prechter, CMT First they bought […]
The story of the investing week was the lack of confirmation of the new Dow and S&P highs by the secondary indices. Stock market tops often occur when sectors “peel away” from the up trend one by one, as fewer and fewer asset classes make new highs. While this is no guarantee of a top, […]
The following article was adapted from the November 2009 Elliott Wave Financial Forecast and reprinted with permission here. Steve Hochberg and Pete Kendall produce stellar analysis for Elliott Wave International – two of my favorite guys in the biz – here, they take a look at trading volume, and what it says about investor confidence. […]
With the markets at a potential inflection point (an inflection point down, in my humble opinion), I thought it’d be fun and instructive to revisit a topic we’ve noodled on a bit lately. Does News Actually Drive the Financial Markets? It’s common knowledge that increasing earnings drive stock prices – with the only caveat being […]
OK, maybe a bit of a sensationalist headline, I’ll admit 🙂 I used to be a fundamental only kind of guy, leaving the technicals and chart reading to the spooks and mystics…only to become a wannabe chart reader myself 🙂 In truth, I see great value in both types of analysis, so I don’t want […]
Trading is tough – really tough. When you’re making money, it feels like the easiest thing in the world. It’s a great feeling – almost intoxicating, really. Like you’re printing money from nothing! Then, inevitably, you get cocky. And you lever up. And sooner or later, a trade goes against you…or two, or three. And […]
The newsletter that I most look forward to these days is Bob Prechter’s…his views are unique, insightful, and I’m really starting to believe he’s one of the only guys with a clue right now! It’s important to mention that while Prechter is extremely bearish now, he’s by no means a perma-bear. I tend to discount […]
Here are a couple of very insightful video interviews with Robert Prechter of Elliott Wave International: Part I – Prechter believes the dollar has bottomed, because of the formation in the Elliott Wave pattern, and also the extreme bearish sentiment we’re seeing. Part II – He explains his deflationary depression hypothesis and why he believes […]
As regular readers know, I’m starting to get my feet wet with the Elliott Wave Principle…can’t yet say I’m a total believer yet, but I am definitely finding some value from the practice. Here’s a free 5-minute primer video by Elliott Wave International’s Chief Commodity Analyst Jeffrey Kennedy, as he takes a look at wave […]
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