Definitive Guide to Trading

By: Joseph Russo | Sat, Sep 13, 2008
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The Ultimate in Tactical Price Forecasting - Bar None
When it comes to strategically trading broad market equity indices profitably, there is simply no match for Elliott Wave Technology's Near Term Outlook. We respectfully challenge any short-term advisory or software generated algorithms to improve upon or better optimize the efficiency of tactical trading dynamics we dispatch daily for the Dow, S&P, or NDX.

Undeniable Bear Market in Full Swing
In the last days of August, following an impressive 1000-point 10% rally off the July low, the Dow was making every attempt to best its August-11 high of 11867.

Trade # 1 on the above chart illustrates our last bullish trade-trigger citing an 11785 upside target prior to the bear reasserting itself with a rapid 750-point decline. As extracted from our archives, the exit target for that trade was within 5-points of the 11790 print-high that registered on September 2.

In the nine months following the all-time historic print high of 14198 in October of 2007, the Dow has done nothing but languish, providing explosive choppy rallies while recording a steady stream lower-lows and lower-highs with its larger footprints.

As is typical with most equity bears, declines are swift in nature, followed by smaller fractal bursts of higher-highs, and higher-lows. This type of price action tends to lure in buyers, promote the appearance of orderly declines, and sets forth the seductive promise of an eventual long-term bottom.

A snapshot of Long-Term Secular Trends
Below, we take a long-term secular look at four of the most essential sectors in the financial sphere. In general-order of importance, they are sovereign nations':


Overall, secular trends although (potentially disastrous in the case of the US dollar) nominally impressive, do not paint a long-term picture of confidence or stability. Considering the prospects no choice remains but to trade these markets as efficiently as humanly possible.

Human Efficiency
The six trades in our first lead-chart above, chronologically orders, a 16-day summary of phenomenal outcomes to short-term strategy-specific trade guidance extracted from the archives of our Near Term Outlook and accompanying Evening Posts.

Our lead chart simply summarizes "when and where" those trades elected, however the NTO charts along with the members-only "essentials file" lays out the strategy and tactics behind the "how and why" those trades elected.

Over the past three years, we have perfected the art of dispatching tactical trade set-ups and market forecasting into a consistent, impartial, and immensely profitable endeavor for those who take the required time, patience, and discipline to embrace it.

The express focus of Elliott Wave Technology's charting and forecasting service is to help traders anticipate price direction and amplitude of broad market indices over the short, intermediate, and long-term.

We deliver this unique blend of proprietary charting protocol daily, with the express intent to convey timely and profitable information. Our daily reports impart strategy-specific guidance, which strives to forecast, monitor, and calibrate market impact relative to a multitude of signals that are in direct alignment with eight distinct trading strategies set forth in the members NTO essentials file.

Regardless of one's level of experience, users must allow sufficient time to become acquainted with the authors charting protocol, strategies, and tactical narratives prior to entering positions or developing modified discretionary trading strategies of their own.

If you trade in today's increasingly uncertain and volatile markets, you need a reliable and consistent edge you can count on day in and day out. If you want the very best, there is no better short-term advisory than the Near Term Outlook.

Trade Better / Invest Smarter...

 


 

Joseph Russo

Author: Joseph Russo

Joseph Russo
Chief Editor and Technical Analyst
Elliott Wave Technology

Joseph Russo

Since the dot.com bubble, 911, and the 2002 market crash, Elliott Wave Technology's mission remains the delivery of valuable solutions-based services that empower clients to execute successful trading and investment decisions in all market environments.

Joe Russo is an entrepreneurial publisher and market analyst providing digital online media solutions designed to assist traders and investors in prudently and profitably navigating their exposure to the financial markets.

Since the official launch of his Elliott Wave Technology website in 2005, he has established an outstanding record of accomplishment, including but not limited to, ...

  • In 2005, he elicited a major long-term wealth producing nugget of guidance in suggesting strongly that members give serious consideration to apportioning 10%-20% of their net worth toward the physical acquisition of Gold (@ $400.) and Silver (@ $6.00).

  • In 2006, the (MTA) Market Technicians Association featured his article "Scaling Perceptions amid the Global Equity Boom" in their industry newsletter, "Technically Speaking."

  • On May 6 of 2007, five months prior to the market top in 2007, though still bullish at that time, he publicly warned long-term investors not to be fooled again, in "Bullish Like There's No Tomorrow."

  • On March 10 of 2008, with another 48% of downside remaining to the bottom of the great bear market of 2008-2009, in "V-for Vendetta," using the Wilshire 5000 as proxy, he publicly laid out the case for the depth and amplitude of the unfolding bear market, which marked terminal to a rather nice long-run in equity values.

  • Working extensively with EasyLanguage® programmer George Pruitt in 2010 and 2011, the author of "Building Winning Trading Systems with TradeStation," he assisted in the development of several proprietary trading systems.

  • On February 11, 2011, he publicly made available his call for a key bottom in the long bond at 117 '3/32. Within a year and half from his call, the long bond rallied in excess of 30% to new all time highs in July of 2012.

  • For the benefit of members and his general readership, he responded to widespread levels of economic and financial uncertainty in the development of Prudent Measures in 2012.

  • He publicly warned of a major top in Apple on October 26, 2012 in the very early stages of a 40% decline from its all time high.

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TRUE MONEY SUPPLY

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