Archive for the ‘Technical Analysis’ tag
20 Questions with Financial Lightening Rod Robert Prechter
Free Download: Our friends at Elliott Wave International have just released a brand-new interview given by Robert Prechter. A devoted inflationist asks the leading proponent of deflation tough questions about fiat currency, gold, the Fed, the Great Depression, financial bubbles, government intervention and how to protect your money — and even profit — in today’s environment. Learn more below or access the 20-page report now.
Dear reader,
There has been a lot of debate about what the government is doing to stave off a so-called double-dip recession. Some say it will cause runaway inflation; others say it’s simply delaying the inevitable. The man you’ll hear from below says DEFLATION is the true concern.
It’s true that Robert Prechter is a polarizing figure in the world of finance. Some write off his technical analysis theories as esoteric market hocus-pocus. Others swear by the natural order of the markets, which is why they believe Elliott waves and Fibonacci are the purest forms of technical analysis.
How to Channel an Impulse Wave on a Price Chart
April 26, 2010. By Susan C. Walker
How do you choose one lesson from a basic tutorial that is chock-full of excellent information about Elliott wave analysis? You could browse through all 50 sections distributed over 10 lessons. Or you could do what some people do when they open a dictionary: let the book fall open and point your finger at a word. Sometimes you learn more from a random search than a deliberate one.
That’s exactly how I chose this excerpt from EWI’s Basic Tutorial to show how clear the writing and illustrations are. The one best place to start learning about wave analysis is this online tutorial, which is available to all Club EWI members — a membership that is free and that brings you many resources about the kind of technical analysis and forecasting that we do here at Elliott Wave International.
The topic that my electronic finger pointed to online when I opened the online Basic Tutorial was Lesson 6.2: Channeling Technique. These four graphs and the accompanying explanation give a tantalizing taste of what you can learn when you take The EWI Basic Tutorial.
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Forex Alerts Are A Handy Way Of Staying On Top Of The Market
This PRL Article Provided by
Forex Signals
Because currency exchange covers the entire world and all 24 time zones, forex is a 24-hour-a-day market. This is good in that it results in billions upon billions of dollars of transactions per day. But it also means that forex traders have a constant influx of information to keep track of, unlike the stock market, where once trading closes at 5 p.m., that’s it. So how do forex traders stay on top of things? Most of them use forex alerts of some kind.
Forex alerts are available from many online forex brokers and other companies. A forex alert is simply a message sent to the user informing him of the latest developments in the forex market, often recommending action of some kind. These alerts can be sent via e-mail or cell phone text message.
The idea behind them is that no one can follow all the markets all the time. Even if you limit yourself to just the “majors” — U.S., Eurozone, Great Britain, Australia, Japan and Switzerland — that’s still 15 currency pairs to keep an eye on. What’s more, sometimes things are steady for long periods of time, while other periods are marked by great activity.
Why Economic Forecasts Often Fail
By Elliott Wave International
Let’s begin with a paradox: The one constant in our society is dramatic change. This is the main reason why projecting present conditions into the future often fails.
“If someone had asked you in 1972 to project the future of China, would anyone have said, in a single generation, they will be more productive than the United States and be a highly capitalist country?
“Project the U.S. space program in 1969, in fact many people did — there are plenty of papers you can read from 1969 to 1970 saying, well, it’s obvious at this pace we’ll both have colonies on the Moon very soon and we’ll have men on Mars…
“One could just as well ask someone to project, say, the Roman stock market in 100 A.D. I doubt if you’d have found anyone who said, well, it’s essentially going to go to zero.”
– Robert Prechter at the London School of Economics, lecture “Toward a New Science of Social Prediction.”
