Profiting Amid Chaos

By: Joseph Russo | Sun, Oct 5, 2008
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The Greatest Lie Ever Told
Now that the authorities essentially have received what they asked for, it will be with great interest that we will observe the equity market reaction. Given the potential response to mass recognition that the entire financial system may be nothing more than a gargantuan sham, it would not surprise us in the least to witness a four-digit one-day decline in the Dow before this bear is over.

Mass Recognition that the "Long-Haul" has vanished into the abyss-
Although financial markets are begging to establish near term bottoms amid the early stages of what appears to be a long-term secular bear market, our fascist authorities are intent upon making matters worse by taking pre-emptive strikes at reflating what has yet to adequately deflate.

The "Root Cause" goes way beyond the sub-prime debacle, and resides at the Federal Reserve
We have seen this train wreck coming for a very long time, and have alerted our readership every step of the way. Yes, our short-term traders continue to profit handsomely from the consistent triple digit swings of this sham-packed maniacal market. However, instead of spelling out the efficacy of our short-term trading models for the umpteenth time, we would like to take this opportunity to revisit some of our previous articles and quotes, which nailed this sham on the nose as the Dow flew past 14000 at the very height of all the financial euphoria.


From MITIGATING COLLATERAL DAMAGE July 29, 2007

Financial engineers the world over, are likely scrambling alongside the brotherhood of institutions, deliberating plausible methods by which to orchestrate transfer of unintended, and immeasurable risks across the global financial sphere.

Over the decades, our globally adopted financial paradigms have spawned a plethora of derivative, and structured-finance schemes that are severely lacking in both foresight and prudence.

Perhaps the largest and most cunning of financially engineered schemes is the marriage of ...


From VOLATILITY DELIVERS WAKE-UP CALL TO FINANCIAL SPHERE August 4, 2007

Likely resulting from decades of imprudent financial engineering, the uncertainty-surrounding discovery as to the potential extent of collateral damage from such shenanigans remains immeasurable and unknown.

... the omnipotent financial sphere is just beginning to access whether or not the minor structural fractures, (which market volatility has so blatantly revealed) could possibly morph into a sudden and total collapse of ...


From PONZI-REGIMES TO THE RESCUE August 11, 2007

The titan institutions currently adhering to egregiously mutated paradigm-doctrines, handed down by their founding architects - the global cartel of central banks - (financial engineers of worthless marked-to-nothing fiat-paper) suddenly find themselves scrambling to affect "rescue" across a broad spectrum of over-bloated markets, from a systemically induced crisis of inevitability - spawned from the ...


From REFUELING PSYCHOTIC-OPTIMISM August 20, 2007

In light of the Feds clandestine shattering of the discount window in the wee-hours of Friday morning,...


From HOPE FLOATS: FEAR STILL DISTANT September 10, 2007

The financial sphere along with the ruling army of entrenched corporate and political elites, deeply committed and harboring inordinate interest in perpetuating an unsustainable war/debt-based prosperity paradigm - are keeping their fingers tightly-crossed that "hope" and illusion, along with a likely forthcoming tsunami of ponzi-rigged bailout schemes will float the right number of boats - rather than sink the good-ship Lollie-Pop. It is in all of our best interest that ...


From The Song Remains the Same January 22, 2008

Here we are once again, suddenly embroiled amid a frenzy of financial crisis, and looming bailout interventions.

The jury is still out as to whether or not this crisis will turn out to be "the big one" that will take down the entire house of cards.

Inevitably, the day will come when ...


From Orchestrating a Bottom January 27, 2008

Might the inordinately early rescue efforts (which began pre-Dow 14K, in August of '07) be telling of the sheer size and scope that this particular bailout requires?

This alone, may suggest that ...


From High-Jinks, Mayhem, House-cleaning, and a Look across the Pond February 4, 2008

In this particular round (likely the start of the 15th), one may assume that at present, the round is even on points. Free Market Dynamics have scored in breaching some minor structural under-pinning's of the artificially-engineered perennial Bull - and the Statists have scored in response - thus far placing a perceived "floor" against the free markets natural propensity to ...


From Epic Paradigm Shift Looms March 3, 2008

Elliott Wave Technology has been strident in directing our clients focus and attention to the negative wealth effects that eroding fiat-currency's impose - along with the plausibility of epic consequence if and when an inevitable paradigm shift ...


From "V" for Vendetta March 10, 2008

It is abundantly clear that flexible, floating-fiat-currencies are neither practical nor stable. Nor do they foster sustainable long-term growth, or full employment. Furthermore, they incite - rather than contain inflation. Thousands of years of history have proven that ...


From Cause and Effect April 1, 2008

When a central authority will go to any length to prove to themselves, to all of the world, and those with whom they ally, that ...


From Facts Are Stubborn Things Part 1 April 14, 2008

It is quite true that modern society as we know it cannot exist without a sound financial system. However, it may be vehemently argued that a free-modern society cannot exist within a systemically corrupt financial system.

Front and center focus is currently being directed upon the public's widespread involvement in the housing crisis - or more appropriately phrased; - the financial sphere's mass corruption of ...


From Big Bang or Bust June 9, 2008

From an Elliott Wave perspective, one can argue with good cause, that the Dow Jones Industrials are en-route toward...


When it comes to strategically trading broad market indices, there is simply no match for Elliott Wave Technology's Near Term Outlook. We will gladly challenge any short-term advisory service or software generated algorithms that claim to outperform our consistent and impartial mapping of the price action in the Dow, S&P, or NDX.

Over the past three years, we have perfected the art of dispatching tactical trade set-ups and market forecasting to a consistent, impartial, and immensely profitable endeavor for those who take the time 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 discretionary trading strategies.

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

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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

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/