On August 18, the Dow plunged as much as 528 points, intraday.
The markets' manic fluctuations have been nothing short of maddening:
- "Confidence is collapsing all around us. You can see it in the extreme volatility in the stock market. Investors are in a panic." (MarketWatch)
- And -- "The uncertainty and fear is making everybody crazy." (Reuters)
Elliott gives you what other forms of technical studies and fundamental theories don't: an objective "context" for price action. Every stock market move -- be it violent or smooth -- fits one of 13 known Elliott wave patterns, and each pattern adheres to specific rules and guidelines. If nothing else, Elliott helps you see where up or down is -- when others simply throw their hands up.
See for yourself. Here's a 15-min. Dow chart that U.S. IntradayStocks Specialty Service showed subscribers today (Aug. 18). As you can see, wave analysis puts the price action of the past two weeks into an orderly Elliott wave context (some labels removed for this article):
You can see this and other charts fully-labeled with Elliott wave symbols inside the Service. You also get analytical commentary and clear directional forecasts.