EWI's Futures Junctures Service editor Jeffery Kennedy stresses the importance of staying flexible and fluid in one's approach to the markets. In Jeffrey's own words:
"It's just like driving a car. When you get in, you simply don't lock your arms in place around the steering wheel. Otherwise, you'd wind up in a ditch real, real quick. No, what you do is you accelerate, make minor adjustments in your steering to stay between the lines."
Still, not all car models are created equal. Stock markets, for instance, are often like Volvos: purring along with smooth, steady dependability. Commodities are like Vipers: peeling rubber from 0 to 60 in 4 seconds and curve-hugging along the way.
But when you put the Wave Principle "behind the wheel" of stocks, commodities or any other liquid, freely-traded financial market, it surpasses other traditional forms of technical analysis. True, other widely-used indicators (like stochastics or moving averages) can tell you when a market is trending -- yet the Wave Principle can do that AND go many steps further. It helps you anticipate the bumps and turns, "speed traps" and "rest stops" ahead for a market in the days, weeks, and even years to come.
You get the details in Club EWI's free report "How the Wave Principle Can Improve Your Trading." You learn about 5 ways in which the Elliott wave model stays the often-circuitous course to opportunity. One of the most vital among them is this: The Wave Principle "provides specific points of ruin" by means of a strict adherence to these three cardinal rules of Elliott:
Everyday, Jeffrey utilizes these keystones to calibrate his real-world analysis of the world's major commodity markets. Recently, in the June 7 Daily Futures Junctures, Jeffrey incorporated the first rule in his near-term assessment of soybeans via the following close-up and commentary:
"The focus is critical short-term support at 1370. If this level remains intact, soybeans are immediately bullish."
As you can see, if wave 2 were to fall below 1370, it would retrace more than 100% of wave 1 and stand in clear violation of rule number one. And, in fact, on June 14, that's exactly what happened, enabling Jeffrey to reassess the big picture.
Special Offer: Combine your risk-free Futures Junctures Service subscription with a free membership to Club EWI and get the fully-loaded commodity-focused package. Right away, you can log on and read Jeffrey's entire "How the Wave Principle Can Improve Your Trading" report -- free. Get behind the wheel of opportunity today.