Okay. There can be only two reasons why you are here right now, reading this column off the front page of our website:
- You thought "Elliott wave" was a surfing term for a wicked breaker, dude.
OR --
- You're tired of "fundamental" analysis of financial markets leaving you behind the trend-moving curve, AND you're ready for an alternative.
If you answered the second choice, then you're in the right place. Fact is, you can probably count on all hands -- of a millipede -- the number of times the mainstream financial media has provided conflicting reports on how a certain news event "moves" a particular market. Case in point, the recent headlines below:
February 21, early AM -- Greek bailout news is "bullish":
- "US Stock Futures Rise On Back of Greece Bailout Deal"
- "Hong Kong Stocks Advance as Greece Bailout Tempers Rising Oil"
-- VERSUS --
February 21, later the same AM -- Greek bailout news is "bearish":
- "Europe Stocks Decline After Greek Bailout Agreement"
- "Emerging Stocks Drop As Oil Increase Overshadows Greece Bailout"
The Elliott Wave Principle resets the stage from an entirely different starting point. Wave analysis asserts that while news can have a temporary near-term effect on market prices, the larger trend is governed by one consistent force: social mood, or collective investor psychology.
This source of markets' trending power unfolds in calculable wave patterns visible on a market's price chart. Elliotticians know of 13 such patterns, each of which adheres to specific rules and guidelines. Ultimately, if you can identify one of these patterns, you can project what direction the pattern will move prices, AND how far into that direction prices may go.
The best part is, Club EWI gives you FREE access to our most comprehensive Wave Principle tutorial. This 10-lesson course leaves no stone unturned and no question unanswered about the basic recognition of all Elliott patterns and their practical application in real-world markets.
So, if before taking our free tutorial, the price chart of a major financial market may have looked like this to you:
After taking the tutorial, that same chart comes into breathtaking being as the clearly labeled blueprint to opportunity you see below: