During WWII, a platoon commander faced the uncomfortable task of telling one of his troops that his mother had just passed away.  He decided to have them all line up and announced, “Everyone with a mother still alive, step forward”.    As most of the men advanced, he looked over at the unfortunate soldier and said, “Not so fast, Jones.”

 

Perhaps you've expected the stock market to turn down dramatically for the past few weeks.  If you follow contrarian indicators, the “worst-is-over” crowd helps your case.  Fundamentally, there is no shortage of evidence either. Unemployment is getting worse.  Housing is still going down.  So are profits.  This market has to go down – right?

 

So why are we saying “not so fast”?  Simple: We want you to be right.  Just as importantly, here's what we hope you avoid:  Go short. Get stopped out. Go short. Get stopped out. Go short. Get stopped out.  Emotionally, financially, and even physically this can wear you down.  Markets will do that.  Especially corrective waves, which is the pattern we’re in now.  They can subdivide and subdivide until you’re figuratively lying exhausted in the gutter.  Then the market tanks – but without you.  It happens so often that it's a cliché.

 

Elliott Wave analysis can help.  As a company, we’ve learned a few things over the last 30 years, to wit:  the stock market reflects social psychology.  This psychology drives the wave patterns that we see in the stock market, and they are consistent over time.  And because the wave patterns are repetitive and recognizable, we have a model of effective forecasting – the Wave Principle.

 

Let our team of analysts help you identify where were are in the pattern and what to expect in the coming weeks and months.  They will deliver the trade right to your inbox with trailing stops to follow.  Now, Jones!   …read more…