The Dispossession of Silver Prices
The price rout of the white metal followed its Elliott wave pattern a 'T'

By Nico Isaac
5/20/2013 6:00:00 PM

The recent selloff in silver kicked into high gear on April 15, when prices plummeted 11% to a two-year low. A strong rebound followed with prices rallying within spitting distance of $25 in early May. And then the floor fell out from under silver once again. In early Asian trading on May 19, silver sank 9% to an intraday low of $20.24, a 32-month nadir...

Filed Under: contracting triangle, Elliott wave, Gold, gold futures, precious metals, silver, silver futures, Traders

Category: Gold and Silver

An Economic Earthquake Shakes U.S. Municipalities
"California dreaming" turns into a Golden State nightmare

By Bob Stokes
5/20/2013 5:15:00 PM

Municipalities have borrowed and spent for decades. A substantial number are going broke. The economic earthquake at the state and local level is part of an even larger seismic shift.

Filed Under: debt crisis, deflation, economic indicators, Elliott wave, housing prices, municipal bonds, Robert Prechter

Category: U.S. Economy

The Gold U.F.O.: Unexplainable Falling Object?
There is no conspiracy behind the persistent weakness in gold

By Nico Isaac
5/17/2013 5:15:00 PM

According to a growing number of well-respected sources, the downtrend in gold is a great and artful conspiracy. Yes, they're serious. The 'I smell a rat' notion stems from the widely-held belief that prices in major financial markets do not suddenly fall off cliffs. Gold is not supposed to be as volatile as lesser commodities, but instead be an insurance against panic.

Filed Under: Elliott wave, Gold, gold futures, precious metals, Traders

Category: Gold and Silver

Consumer Confidence Hits a 6-Year High: Bullish for Stocks?
Why, of course it is! But please read on to understand why it's a trick question.

By Vadim Pokhlebkin
5/17/2013 4:15:00 PM

To decipher the meaning of economic reports like consumer confidence is the bread and butter of "fundamental" analysis. Inevitably, positive data are supposedly bullish for the stock market, while negative economic reports are bearish. But is this accurate? What a strange question, you may say -- of course it is! Stocks don't fall after good reports, or rise after bad ones...do they? Well, take a look at these financial news headlines and guess when they were published...

Filed Under: Bob Prechter, bull market, buy and hold, consumer confidence, consumer price index, consumer spending, Elliott wave, market forecasts, U.S. Federal Reserve (the Fed)

Category: Stocks

Deflation Warning: Money Manager Startles Global Conference
History shows that the U.S. should pay attention to economies in Europe

By Bob Stokes
5/17/2013 3:45:00 PM

The economy has been sluggish for five years. There's no shortage of chatter about "why," yet few observers mention deflation. One exception is a hedge fund manager who spoke up at the recent Milken Institute Global Conference.

Filed Under: bloomberg, CNBC, deflation, economic indicators, Elliott wave, great depression, Robert Prechter

Category: U.S. Economy

Market Insight: USDJPY Completes a 5-Wave Rally
Once the market makes the move, it's easy to find economic or political factors to pin it on. What’s hard is to know where the market will go before the news.

By Vadim Pokhlebkin
5/16/2013 5:15:00 PM

On May 15, just as EURUSD broke below the psychologically important price level of 1.30, USDJPY staged a rally. The mainstream forex news sources cited various fundamental factors for the dollar strength/yen weakness. Yet, as you have probably noticed, those explanations almost always make perfect sense -- but only after the fact.

Filed Under: currency, Elliott wave, Elliott Wave trading, forex, forex trading, Japanese yen, U.S. dollar, usd/jpy

Category: Currencies

EURUSD Drops Below 1.30... Why, Again?
Wave analysis works because it helps you track the waves of the market's crowd psychology, which unfold in predictable patterns.

By Vadim Pokhlebkin
5/16/2013 4:30:00 PM

It's official: The euro zone economy has now been in the longest recession since the EUR was introduced in 1999. That news hit the wires on May 15. No wonder EURUSD, the euro-dollar exchange rate, fell that day as the U.S. dollar took the upper hand. But let's take a look at what happened from an Elliott wave perspective...

Filed Under: currency, Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, europe, eurozone, forex, forex trading, U.S. dollar

Category: Currencies

Why a Triangle Marks the Spot of Opportunity in Cocoa
See how a contracting triangle preceded dramatic price moves in 2 major commodity markets

By Nico Isaac
5/16/2013 4:00:00 PM

School may be winding down for summer break, but the Elliott Wave class is still very much in session. And on the syllabus for today's lesson is the Elliott wave pattern known as the contracting triangle. Here's where you'll want to start taking notes. First, there's the basic definition and diagram of the pattern.Then, there's two real-world examples of the contracting triangle signaling dramatic price moves in sugar and coffee.

Filed Under: cocoa futures, coffee futures, commodities, contracting triangle, Daily Futures Junctures, Elliott wave, Jeffrey Kennedy, sugar futures

Category: Commodities

Three Things Crude Oil MUST Do to Wake the Bear
Don't get caught in the demand data crosshairs.

By Nico Isaac
5/15/2013 3:00:00 PM

"News is irrelevant to trends." This revelation comes straight out of the pages of Robert Prechter's 2004 book "Prechter's Perspective." This notion completely goes against the gospel of mainstream economic wisdom. It also happens to be true, as the recent media storm surrounding crude oil makes plain.

Filed Under: crude oil, Elliott wave, Elliott Wave trading, fundamental analysis, Traders

Category: Energy

Forecasts for the Dow Industrials: Off the Charts and Then Some
If you thought Dow 60,000 was far-fetched

By Bob Stokes
5/15/2013 2:30:00 PM

The February Elliott Wave Theorist noted that "money managers are predicting a Dow as high as 60,000." If you think that is way too optimistic, look at this other forecast.

Filed Under: Bear market, bull market, Elliott wave, investor psychology, market forecasts, Robert Prechter, U.S. STOCK MARKET

Category: Stocks

Initial Public Offerings of 2013 Meet the Manias of 2007 and 1929
IPOs are set to raise the most money since 2007.

By Bob Stokes
5/13/2013 5:00:00 PM

How can you tell when stock market optimism has turned "fervent"? One historically sure sign is that a rush of companies go public. The year 1999 was a perfect example. Large numbers of Internet companies with zero revenue went public. The fervor didn't last, as you may recall. 2007 was also a busy year for IPOs -- and another major market top. Now consider the IPO levels of 2013.

Filed Under: 1929 Stock Market Crash, Elliott wave, investor psychology, risk appetite, Robert Prechter, sentiment, stock indexes

Category: Stocks

How an Instinct Can Be Financially Dangerous
Beware of what accompanies market tops.

By Bob Stokes
5/9/2013 4:45:00 PM

Teenagers dress and talk alike. This natural tendency to conform carries into adulthood. Nowhere is the human tendency to conform more pronounced than in financial markets. Investors instinctively adopt the market views of people they perceive to be "in the know." Learn why this instinct can be financially dangerous.

Filed Under: 1929 Stock Market Crash, CNBC, Elliott wave, herding, investor psychology, Prechter's Perspective, Robert Prechter, U.S. STOCK MARKET

Category: Classic Prechter

EURUSD: Lots of Ups and Downs, Zero Net Progress

By Vadim Pokhlebkin
5/9/2013 2:30:00 PM

Here's what's interesting. Since the start of May, the euro bulls have tried to rally EURUSD higher at least five times. On May 8, we saw the latest attampt at a rally. It went as high as 1.3195. Then on May 9, the market fell again. That has been the fate of every rally, so far ...

Filed Under: Elliott wave, Elliott Wave trading, euro, forex, forex trading, U.S. dollar

Category: Currencies

The End of A Multi-Month Holding Pattern in Crude Oil?
EWI's Metals Specialty Service uses pattern analysis to a potential post-triangle thrust in crude oil prices.

By Nico Isaac
5/8/2013 4:30:00 PM

For many traders, a long sideways trend in prices chart is akin to getting stuck on a one-lane road behind a very slow car. Those are the times when patience wears thin. The mainstream financial media cloaks words that would be spoken in anger into family-friendly phrases like, "Equivocal price action" and "Waiting on a fundamental catalyst to provide direction."

Filed Under: crude oil, Elliott wave, Traders

Category: Energy

U.S. Stocks Are Hot. What Does That Mean for India and China?
Sometimes global markets move in tandem, and sometimes they don't.

By Vadim Pokhlebkin
5/8/2013 4:30:00 PM

Think back to 2007 and early 2008, before the worst of the financial crisis. Perhaps you recall this major investment belief: Even if the West took a dive, emerging markets would save the day. But when the crisis hit, emerging markets crashed right along with the developed ones. Still, there were a few important nuances. For example...

Filed Under: central banks, Chinese markets, Elliott wave, Elliott Wave trading, emerging markets, fundamental analysis, Indian markets, Shanghai Composite Index

Category: Asian Markets

The Personality of Gold's Near-Term Price Action
The May 7 Elliott Wave Junctures presents intermarket analysis of several gold related securities

By Nico Isaac
5/8/2013 2:00:00 PM

The Wave Principle reveals the trends that unfold in clear and observable patterns on the price charts of each financial market. From far away these patterns can easily lose their distinctive markings. But up close, each one leaves a discernible "fingerprint," which seals its identity. And, in the May 7 Elliott Wave Junctures, Jeffrey Kennedy reveals how the price action in five gold-related issues fits the personality of one kind of move.

Filed Under: Elliott wave, elliott wave junctures, Gold, Jeffrey Kennedy

Category: Gold and Silver

Australia's Banking Boom: Knock on Wood
How Elliott wave analysis -- not luck -- propelled the ASX 200's rally to five-year highs

By Nico Isaac
5/6/2013 6:00:00 PM

In April 2013, use of the 'b' word -- as in "bubble" showed up in a surprising region of the world: the Australian banking sector. Turns out that major Aussie lenders have enjoyed a powerful upswing since the start of the year. As a recent Wall Street Journal article wrote: "It's astonishing given the size of Australia, its population, economy and banking system, relative to other countries like the US, China, Japan and the UK."

Filed Under: Asian-Pacific Short Term Update, ASX All Ordinaries, banks, credit crisis, Elliott wave, financial forecast

Category: Asian Markets

As with "Madame Deficit," Heads May Roll During the Next Economic Crisis
The blame game will get serious.

By Bob Stokes
5/6/2013 5:15:00 PM

Marie Antoinette had been a spendthrift early in her reign, but curtailed that habit when she learned what the public thought. Even so, the young French queen had already been nicknamed "Madame Deficit." French debt had ballooned before she and King Louis XVI took the throne. But they received the blame for France's financial straits. Now fast forward to the U.S. economy today. Get ready for the blame game to turn serious.

Filed Under: deficit, economic indicators, Elliott wave, europe, history, Robert Prechter, sentiment, social mood, Sovereign Debt

Category: U.S. Economy

Crude Oil's Near Term Trend: Does Every Millisecond Count?
The ultimate head start in navigating crude oil is Elliott wave analysis

By Nico Isaac
5/2/2013 11:00:00 AM

When it comes to trading commodity markets, time is not a sensitive issue, it's the sensitive issue. That truth was reinforced by a recent Wall Street Journal article titled "High-Speed Traders Exploit Loophole." That loophole is the time lag between when high-speed computer traders receive order confirmations on the Chicago Mercantile Exchange, vs.when the public receives confirmations -- specifically, a lag of "one-to-ten milliseconds" (a thousand milliseconds equals one second.)

Filed Under: crude oil, Elliott wave, Elliott Wave trading, online trading, Traders

Category: Energy

EURUSD: The First Shoe Drops
The Fed statement on Wednesday disappointed some, but Elliott waves have stayed a step ahead.

By Vadim Pokhlebkin
5/1/2013 4:45:00 PM

Gotta love "the Fed talk" -- as in, the central bank's statement on Wednesday afternoon: "The committee is prepared to increase or reduce the pace of its (bond) purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes." Let's translate that...

Filed Under: Elliott wave, Elliott Wave trading, euro, euro/USD exchange rate, european central bank, Federal Open Market Committee (FOMC), forex, forex trading, quantitative easing, technical analysis, U.S. dollar, U.S. Federal Reserve (the Fed)

Category: Currencies

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Browse Recent Media Articles that Mention EWI or Feature EWI Analysts
As the markets enter what Bob Prechter calls "the point of recognition," we notice that mainstream media pundits who get it start to notice us, our analysts and our forecasts. You can browse dozens of recent media articles about EWI in the EWI Press Room.

The Dispossession of Silver Prices The price rout of the white metal followed its Elliott wave pattern a 'T'

An Economic Earthquake Shakes U.S. Municipalities "California dreaming" turns into a Golden State nightmare

The Gold U.F.O.: Unexplainable Falling Object? There is no conspiracy behind the persistent weakness in gold

Consumer Confidence Hits a 6-Year High: Bullish for Stocks? Why, of course it is! But please read on to understand why it's a trick question.

Deflation Warning: Money Manager Startles Global Conference History shows that the U.S. should pay attention to economies in Europe

Market Insight: USDJPY Completes a 5-Wave Rally Once the market makes the move, it's easy to find economic or political factors to pin it on. What’s hard is to know where the market will go before the news.

EURUSD Drops Below 1.30... Why, Again? Wave analysis works because it helps you track the waves of the market's crowd psychology, which unfold in predictable patterns.

Why a Triangle Marks the Spot of Opportunity in Cocoa See how a contracting triangle preceded dramatic price moves in 2 major commodity markets

Three Things Crude Oil MUST Do to Wake the Bear Don't get caught in the demand data crosshairs.

Forecasts for the Dow Industrials: Off the Charts and Then Some If you thought Dow 60,000 was far-fetched

Initial Public Offerings of 2013 Meet the Manias of 2007 and 1929 IPOs are set to raise the most money since 2007.

How an Instinct Can Be Financially Dangerous Beware of what accompanies market tops.

EURUSD: Lots of Ups and Downs, Zero Net Progress

The End of A Multi-Month Holding Pattern in Crude Oil? EWI's Metals Specialty Service uses pattern analysis to a potential post-triangle thrust in crude oil prices.

U.S. Stocks Are Hot. What Does That Mean for India and China? Sometimes global markets move in tandem, and sometimes they don't.

The Personality of Gold's Near-Term Price Action The May 7 Elliott Wave Junctures presents intermarket analysis of several gold related securities

Australia's Banking Boom: Knock on Wood How Elliott wave analysis -- not luck -- propelled the ASX 200's rally to five-year highs

As with "Madame Deficit," Heads May Roll During the Next Economic Crisis The blame game will get serious.

Crude Oil's Near Term Trend: Does Every Millisecond Count? The ultimate head start in navigating crude oil is Elliott wave analysis

EURUSD: The First Shoe Drops The Fed statement on Wednesday disappointed some, but Elliott waves have stayed a step ahead.

The Dispossession of Silver Prices
The price rout of the white metal followed its Elliott wave pattern a 'T'

An Economic Earthquake Shakes U.S. Municipalities
"California dreaming" turns into a Golden State nightmare

The Gold U.F.O.: Unexplainable Falling Object?
There is no conspiracy behind the persistent weakness in gold

Consumer Confidence Hits a 6-Year High: Bullish for Stocks?
Why, of course it is! But please read on to understand why it's a trick question.

Deflation Warning: Money Manager Startles Global Conference
History shows that the U.S. should pay attention to economies in Europe

Market Insight: USDJPY Completes a 5-Wave Rally
Once the market makes the move, it's easy to find economic or political factors to pin it on. What’s hard is to know where the market will go before the news.

EURUSD Drops Below 1.30... Why, Again?
Wave analysis works because it helps you track the waves of the market's crowd psychology, which unfold in predictable patterns.

Why a Triangle Marks the Spot of Opportunity in Cocoa
See how a contracting triangle preceded dramatic price moves in 2 major commodity markets

Three Things Crude Oil MUST Do to Wake the Bear
Don't get caught in the demand data crosshairs.

Forecasts for the Dow Industrials: Off the Charts and Then Some
If you thought Dow 60,000 was far-fetched

Initial Public Offerings of 2013 Meet the Manias of 2007 and 1929
IPOs are set to raise the most money since 2007.

How an Instinct Can Be Financially Dangerous
Beware of what accompanies market tops.

The End of A Multi-Month Holding Pattern in Crude Oil?
EWI's Metals Specialty Service uses pattern analysis to a potential post-triangle thrust in crude oil prices.

U.S. Stocks Are Hot. What Does That Mean for India and China?
Sometimes global markets move in tandem, and sometimes they don't.

The Personality of Gold's Near-Term Price Action
The May 7 Elliott Wave Junctures presents intermarket analysis of several gold related securities

Australia's Banking Boom: Knock on Wood
How Elliott wave analysis -- not luck -- propelled the ASX 200's rally to five-year highs

As with "Madame Deficit," Heads May Roll During the Next Economic Crisis
The blame game will get serious.

Crude Oil's Near Term Trend: Does Every Millisecond Count?
The ultimate head start in navigating crude oil is Elliott wave analysis

EURUSD: The First Shoe Drops
The Fed statement on Wednesday disappointed some, but Elliott waves have stayed a step ahead.