In two packed pages, we chart precisely where US stocks are now and where the Elliott waves say they're headed next.
Quoting editor Robert Prechter:
"The world thinks the market is acting abnormally. We think it is acting clearly in accordance with the Elliott wave model."
These waves are clear and they are urgent. Now is NOT the time to be without their guidance.
The 5-wave Elliott pattern is basic to knowing when financial market moves are complete, and the same goes for many economic trends. See for yourself the decade-long trends that are turning now.
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"It is best to read the full explanations in Conquer the Crash. Prechter adroitly identifies the negative unintended consequences associated with Federal Reserve open market interventions and federal government fiscal stimulus – both of which are now the rage for solving the current economic crisis. Specifically, in Part II (The Case for Deflation), he explains why deflation is the likely immediate outcome (Chapter 7) and why the Federal Reserve will not be able to stop the deflation (Chapter 10). Then, in Part III, Prechter recommends several assets with the greatest potential for protecting your wealth during the coming brutal deflationary depression. This thought-provoking book is a must-read, if you have not already done so."
— Steve Puetz, Universal Cycle Theory