Sound Trading Tactics Capture Wild Market Swings

By: Joseph Russo | Fri, Sep 19, 2008
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For Short-Term Traders; HUGE SWINGS = HUGE PROFITS
Amid colossal intervention efforts and unbridled attempts to manipulate markets, socialize losses, and control price levels, disciplined impartial trade executions conveyed through our blended strategic trade advisory continue to produce stellar short-term profits fully consistent with the large market swings inherent with such endeavor.

Epic Intervention is a by-product of larger degree (bear market) Elliott Waves
Despite the otherwise contrived appearance of manipulation and intervention, authority puppets in wishful control alongside the resultant manic price-action displayed, are merely following larger degree Elliott Wave scripts to a tee. Aware of this well in advance, the 1000-pt two-day (10%) reversal in the Dow came as no surprise to us at all; in fact, we were fully expecting such a move.

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 continue to respectfully challenge any short-term advisory or software generated algorithms to improve upon or better optimize the efficiency of tactical trading dynamics dispatched daily for the Dow, S&P, or NDX.

What Next
We are confident that despite (more) emergency rule changes imposed by authorities - that markets will continue to trade and behave in nominal accordance with the inherent technical underpinnings that have always governed them. If such impositions artificially inflate prices over the near-term, so be it - the price action shall alert us to such well in advance.

There is nothing to fear but fear itself - after all, the entire financial sphere spawned from various forms of artificial assumption since its very inception. Until US military tanks roll up to the White House lawn and begin firing as the Soviets did back in the 90's, you can bet your bottom dollar (no pun intended) that money will continue to flow vibrantly both in and out of trading accounts.

A snapshot of Intermediate-Term Cyclical Trends
Last week we looked at long-term secular trends. Below, we take an intermediate-term cyclical look at the same four essential sectors of the financial sphere. In general-order of importance, they are sovereign nations':

Tactical Efficiency and Discipline
The four trades in our first lead-chart above, chronologically order 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 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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