The "most important message of the wave principle for early 2010" became a lot more important in the past 24 hours.
The "early 2010" quote is from The Elliott Wave Financial Forecast that published a week ago. You'll see more about that below. But the more urgent news is that the first Elliott Wave Theorist of 2010 posted after hours on Thursday, Jan. 14.
What Bob Prechter makes clear is that the important message of the wave principle extends well beyond early 2010.
There's a lot to that message -- it requires all 10 pages in the January issue for Prechter to spell it out. I can mention the one part that really got my attention. Once in a while I'll see one of our analysts offer a forecast at three or four degrees of trend. I've very rarely seen one at five degrees of trend.
What I've never seen or read is a forecast that involves a point in a pattern at six degrees of trend -- until now. Prechter's forecast does so in his just-published Theorist. He also makes it clear that this point in the pattern "should occur in 2010." Six degrees of trend, dear reader.
Above I noted that you'd see more from last week's EWFF. It's something we describe as A Tale of Two Charts… With One Message.
One of the above charts dates back to a period during 1929-1930; the other shows a more recent picture. Can you tell the difference?
The data removed from these charts includes the labels, dates and prices (to which Financial Forecast subscribers are privy). That data shows the stunning correlation between the 2009 rally to date and the first bear-market rally of the Great Depression.
Bob Prechter's just-published Elliott Wave Theorist and the recent Elliott Wave Financial Forecast (which includes the complete versions of the above charts) come with your risk-free, deeply discounted subscription. Plus, subscribers today will get instant access to six other still-prescient archived Theorist and Financial Forecast issues. With a single-issue value of $29 each, you'll be getting eight issues for the price of one.