Inside the September 2009 Elliott Wave Financial Forecast ...

The Zaniness of 1999

and 2000 is Back

February of this year was gloomy indeed – the stock market had lost more than half its value, and it seemed like even the most rabid bull had turned bearish. Yet that was the very month when EWI publications started to tell subscribers to expect a bounce off the lows. That bounce began in the first week of March.

Then, on April 2, The Elliott Wave Financial Forecast specifically forecast the moment we've now reached. Here's what you would have read on that day:

Be prepared: In its final weeks, the advance [or so-called recovery] will re-ignite some of the zaniness of 1999 and 2007, although the speculation may feature some decidedly depressionistic undertones. ... By the end of [the bear-market rally], many market followers and economists will proclaim that the bear market is dead and the boom is back."

But there are TWO parts to our forecast, and the second is more critical than the first. The September issue of the Financial Forecast offers you a forecast that explains why the second part will soon unfold.

In this issue, editors Steve Hochberg and Pete Kendall discuss that April forecast and deliver important analysis on:

• The specific support line, which, if breached, indicates Primary wave 3 is underway. Once Primary wave 3 begins, this line will act as resistance.
• Recent price patterns in the Dow Industrials and Dow Utilities look like the topping sequence of 1929 – is that relevant today?
• Important readings of breadth and volume – do they suggest a lasting rebound, or a maturing bear-market rally?
• Why sentiment readings with the qualifier "not seen since October 2007" should raise your red flag.
• How "depressionistic undertones" are evident through rising unemployment numbers and rising default rates on residential mortgages, commercial loans and corporate bonds. Learn how this is possible even as optimism abounds, and why it's important to you.
• The recent emergence of "a plan that's nearly identical to the complicated investment packages at the heart of the market's collapse." (Associated Press) Could this strategy "help solve one of the lingering problems of the financial meltdown," as the AP reports?
• What's really noteworthy about a "flurry of activity" in the Miami condo market.
• Citigroup, AIG, CIT, Fannie Mae and Freddie Mac – Why did they make up 30% of NYSE trading volume on Aug. 21? Are these so-called "zombie financials" flashing reliable buy signals?
• What's the price of stocks in China – and what's that got to do with U.S. markets?
• Vegas, baby! What are the odds that the city's bet on a quick comeback is a winning one?
• Prudent advice for handling your 401(k) (if you still have one).
• What we expect next for credit spreads.
• Two possible wave interpretations for gold – which is preferred? Is the picture in silver clearer?
• A crystal-clear forecast for the U.S. dollar. Can 97% bears be all wrong?
• So much more – including special notes on cultural trends, health care and our good friend P.Q. Wall, who recently passed. (May he rest in peace.)

You'll also get the Financial Forecast's regular updates for …

> S&P 500	> Silver	> Investor psychology
> DJIA	> Bonds
> NASDAQ	> U.S. dollar	> The economy and deflation
> Gold	> Cultural trends

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