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by
Jeffrey Kennedy, Senior Commodities Analyst
9/3/2008 3:30:00 PM
A common question from EWI subscribers is: "On an unlabeled price chart, how do you identify the start of the Wave pattern?"
That's a good question, and is exactly the kind that Senior Commodities Analyst Jeffrey Kennedy loves to answer. His passion is teaching, and every month Jeffrey's Monthly Futures Junctures presents a lesson in technical analysis via his "Trader's Classroom." This excerpt, edited for brevity, comes from an old favorite: "How Do You Know If You Have the Right Wave Count?"
Filed Under:
Commodities, Futures Junctures, Jeffrey Kennedy, Wave Counts, Labelling
Category:
Commodities
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by
Euan Wilson
8/26/2008 5:00:00 PM
A lot can happen in a week, especially in the commodities markets.
That's why Senior Commodities Analyst Jeffrey Kennedy writes the Daily Futures Junctures Weekly Wrap-up each Friday. Jeffrey uses these updates to review and post forecast charts for every major commodity market. He also records a video update which allows him to talk about each one of his charts in depth.
By way of example, here's an excerpt of last Friday's update, with Jeffrey discussing what the week's action in Soybeans means for the future:
Filed Under:
Weekly wrap up, Jeffrey Kennedy, Video, Futures Junctures, soybeans
Category:
Commodities
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by
Euan Wilson
8/20/2008 2:45:00 PM
If you have watched a few episodes of the hit TV series House, you know there is a specific formula for each episode. The gifted but fiercely independent doctor must find the answer to a medical mystery before the show's end — a total of 43 minutes. However, until that time, Dr. House and his team make any number of right and wrong moves, yet each one serves to reach the final, correct diagnosis.
An Elliott Wave technician's job works much the same way: not every Wave Count unfolds as expected. Yet even if you get off track, a mistaken forecast can still reveal the bigger story, as new facts flow in from the market.
Filed Under:
Dr. House, Jeffrey Kennedy, soybeans, Commodities, Futures Junctures
Category:
Commodities
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by
Euan Wilson
8/12/2008 10:15:00 AM
It's mid-August, which means the kids will soon be back in school. If you recall any of your returning days to class, perhaps the memory is how smooth and easy it was, with little schoolwork beyond a simple quiz. But the markets only take off on weekends and federal holidays -- so an investor shouldn't find the Pop Quiz question in the headline too demanding, especially since we'll provide the answer now, to wit: After a five-wave impulse move (in either direction) come a three wave corrective move.
Filed Under:
Commodities, impulse wave, corrective wave, technical analysis, Futures Junctures
Category:
Commodities
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by
Euan Wilson
8/7/2008 2:45:00 PM
When it comes to foolishness, Shakespeare always gets straight to the point -- which brings to mind the work it usually takes to get the point of most financial media "analysis," because it's so often overwhelmed by useless chaff. And sadly, wheat is no exception
Filed Under:
wheat, Futures Junctures, Commodities, Prices
Category:
Commodities
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by
Euan Wilson
8/5/2008 5:30:00 PM
The financial media is very fond of linking a given market's price action to other stuff that happened in the same day -- but seldom do they explain why. First prices fall hard "as rain and cooler weather improved prospects for crops" -- and second, this one-day action is part of a 30% decline in corn over the past five weeks. But what about the first four weeks of that price decline, which included a shortage of rain and hotter-than-usual temperatures?
Filed Under:
Corn, Commodities, Price Action, Futures Junctures, Rain, Crops, Historic Prices
Category:
Commodities
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by
Euan Wilson
7/31/2008 11:30:00 AM
When you reach the summit of Mt. Everest, for example, you'll want to take a few moments to enjoy the view. But soon enough, the oxygen-poor atmosphere and air temperature remind you that it's time to head back down. You can't climb any higher anyway. But why didn't that same reminder come 100 feet before you got to the mountaintop? Well, it probably did. You knew the peak was coming but were determined to finish the climb anyway. And believe it or not, markets work the same way.
Filed Under:
lean hogs, mountains, Markets, Futures Junctures
Category:
Commodities
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by
Euan Wilson
7/29/2008 5:45:00 PM
Successful investing is never born of disarray, as any experienced trader will tell you. That's why an effective methodology for trading will include effective rules. So, when a commodity's price action does the unexpected, coherent rules to govern your analysis and actions can be the difference between a big loss and a small one.
Filed Under:
Corn, Wave Principle, Commodities, Futures Junctures, Forecasts
Category:
Commodities
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by
Euan Wilson
6/30/2008 5:00:00 PM
Expecting markets to always behave according to your trading models is futile, and experienced traders know that. Being prepared to "assess, adapt, relabel and move on!" is an excellent piece of advice, because markets will throw you a curve ball more often than you'd expect. Elliott Wave International talks about how.
Filed Under:
Corn, wheat, Futures Junctures
Category:
Commodities
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Announcing EWI's New eBook ...
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 In this exciting new 45-page eBook, Jeffrey Kennedy shows you – using fresh, real-life market examples – how you can use simple, yet powerful, chart reading techniques to improve your trading.
Download your copy today!
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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