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January 2011 | Elliott Wave Analytics

  • G4 Weekly Market Wrap, 28th January 2011
    By on January 29, 2011 | 47 Comments47 Comments  Comments
    Well, it took its time but the USD finally broke through its descending trend line and the equities market did what was expected. We can see from the above chart that not only did it break through but it also successfully back tested the breakout which could suggest that the equities market is in f...
  • What Most People Don’t Realize About The Fed...
    By on January 28, 2011 | No Comments  Comments
    Since its creation in 1913, the primary intended role of the U.S. Federal Reserve Bank has been that of protector. In theory, the central bank was bestowed with the power to shape monetary policy in a way that would keep both booms and busts in c...
  • Government Rubber Stamps Bank Accounting Fraud.
    By on January 27, 2011 | 306 Comments306 Comments  Comments
    By now everyone is aware that following tremendous pressure by the banker lobby, which knows too well the Ponzi jig will be immediately up if Quantitative Easing’s TBTF Madoffs are forced to disclose the true value of their worthless assets (yes, true value comes from asset cash flow genera...
  • Basic Wave Patterns: How a Zigzag Differs from a Flat
    By on January 22, 2011 | 3 Comments3 Comments  Comments
    The big picture for Elliott wave analysis is five-wave patterns followed by three-wave patterns.  Let’s look at the three-wave corrections more closely to get a bead on how they differ from one another. This excerpt from EWI’s Basic ...
  • G4 Weekly Market Wrap, 21st January 2011
    By on January 22, 2011 | 40 Comments40 Comments  Comments
    I have to admit to being somewhat surprised at the continuing slide of the USD. Just as the US equities continue to appear like they are nearing a top the USD continues to appear like it is making a bottom but the creeping trends continue. US MARKET With most EW analysts agreeing that we are approac...
  • NYT Reports States Looking To File Bankrupt
    By on January 21, 2011 | 51 Comments51 Comments  Comments
    A few days ago we reported that Newt Gingrich was pushing for legislation to allow states to file for bankruptcy, “allowing Them To Renege On Pension And Benefit Obligations.” As we speculated back then “obviously what this means for equity investors in assorted muni investments is...
  • Food Inflation Comes To America
    By on January 20, 2011 | 398 Comments398 Comments  Comments
    After denying for months that surging food prices will eventually come to the consumer, hoping that instead food companies could absorb the margin drop, sellside research is finally capitulating to the reality of what is really happening in the retail store. In a note discussing General Mills, Goldm...
  • Free eBook: 5 Ways You Can Use Trendlines to Improve ...
    By on January 19, 2011 | No Comments  Comments
    Trendlines are one of the first technical methods most traders learn. Unfortunately, too many traders discard this simplest of all techniques for more advanced methods. Yet with the right education you will find that a simple line can tell you a world of information about a market. In this free eBo...
  • Insider Buying At Zero: Fed Now Only Buyer
    By on January 19, 2011 | 402 Comments402 Comments  Comments
    According to Bloomberg, in the week ended January 14 S&P 500 insiders sold $163 million worth of stock in 54 separate transactions. They bought exactly $0. That’s right, in the last week, there was no insider purchasing. This is the first time in years (and possibly for ever) in which we...
  • US Food Donations Collapse: Starving Left To Die.
    By on January 18, 2011 | No Comments  Comments
    In a world where taxpayer money is spent on bank balance sheets rather than food for the largely unemployed population – a tragic sign of things to come.  With food prices at their highest in history is it any wonder that the slvation army is struggling for food donations?. Why should peasant...
  • Inflation Expectation Up 60% In 6 Months.
    By on January 18, 2011 | No Comments  Comments
    It wouldn’t be fair to say that Bernanke is responsible for all the run-up in global food prices. There are many factors at play. That’s not to say the US monetary policy doesn’t have a central role in the global commodities market. The Fed has a big axe. Policies like ZIRP and QE encoura...
  • Copper and the Stock Market
    By on January 18, 2011 | 470 Comments470 Comments  Comments
    One of the more interesting relationships lately has been the strong correlation between copper prices and the SP500.  From January 2009 to date, cash copper prices and the SP500 have a +0.955 correlation coefficient.  Part of that can be explained by the fact that both of them have ...
  • G4 Weekly Market Wrap, January 14th 2011
    By on January 15, 2011 | 65 Comments65 Comments  Comments
    The USD index in my view is the key to the future direction of the market at this stage of the cycle. Last week I provided a chart of the USD index that appeared to be making a simple abc corrective wave before resuming its upward trend. The price action in the past week has proven that the correc...
  • Government Trillions For Banks, Bad Luck The Rest.
    By on January 14, 2011 | No Comments  Comments
    The Wall Street Journal noted last week: Federal Reserve Chairman Ben Bernanke on Friday ruled out a central bank bailout of state and local governments strapped with big municipal debt burdens, saying the Fed had limited legal authority to help and little will to use that authority. “W...
  • Understanding The Federal Reserve
    By on January 13, 2011 | 54 Comments54 Comments  Comments
    Despite so much focus on the policies of the Fed, its operations remain somewhat of a mystery to most investors — in no smaller measure, due to their complexity. So, we put together a free resource for our Club EWI members: a 35-page report that explains the...
  • Precious Metals Update
    By on January 13, 2011 | 324 Comments324 Comments  Comments
    With the rise in the USD in the last month gold and precious metal stocks have taken a beating and have become the favored short by the CNBC “Fast Money” and hedge fund community. While precious metals may be the favored short by the momentum crowd, it’s quite likely a short-term low is in, ...

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