Don't Be Fooled Again

By: Joseph Russo | Fri, Mar 19, 2010
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Simplicity | Security | Assurance | Timing | Cheap Insurance >> S&P 500 Index
In contrast to our typical lean toward writing about how active traders can better engage the markets, this piece is for everyday people who are exposed to the markets, but too busy to pay any meaningful attention to them.

This one's for all those who have savings or investments tied to the S&P 500
Are you one of the legions of self-directed "buy & hold" index investors hoping that the stock market will continue higher to return your account balance to its former value of NINE-YEARS ago?

Have you cashed out wondering if it is safe to get back in? What will you do if the market starts to fall hard again? Do you have a plan? If you do not, it is time you get with some people who do.

S&P 500 Mid-Term Chart

The benchmark from which all others are measured
Formally introduced in 1957, the S&P 500 index represents investments in 500 of the highest quality common stocks actively traded in the United States.

After the Dow Jones Industrial Average, the S&P 500 is the most widely followed index. It has become a benchmark measure to which the investment community at large aspires to match and compare performance with.

History proves that the stock market rises in value over time. We have over 100-years of statistical data to quantify this well-known truth. Such common wisdom then persuades our collective reasoning toward investing blindly with confidence in such a sure thing.

Do NOT be seduced by this easy-way-out reasoning, we beg of you

Before buying hook line and sinker into the "sure thing" aspects of long-term buy & hold stock investing, one must first answer the following three questions:

  1. What is your timeframe, or how long do you plan to keep your funds invested?
  2. Are you willing to endure watching your hard-earned money lose half of its value over a period of 10-years or more?
  3. What contingency plans will you put into effect if markets are at or near cyclical lows just when you planned to use those savings for their intended purpose?

If you are willing to roll the timing dice and accept whatever fate the market delivers at your specific time of need, well then congratulations, you are a bona fide buy, hold, and hope investor.

If you are more of a stay-in-control of your own destiny type however, it is likely you will reject the egregiously flawed buy & hold sales pitch. If you are not quite sure just how to take charge, or how simple it can be, let us share with you some advice.

Regular checkups | Preventative Medicine
Be it through us or elsewhere, make it one of your highest priorities to obtain routine and reliable guidance relative to your self-directed savings invested in stock market index funds. Protecting your life-savings should be right up there with getting your annual physicals and keeping up with the premiums on your home and life insurance policies.

Guardian Revere Advisory

The benchmark comparison charted above derived entry and exit signals through our proprietary timing model, which has proven itself to outperform the S&P 500 by twofold and threefold over the last twenty-year period.

Just what the doctor ordered
For those who wish to be masters of their own destinies, Elliott Wave Technology is proud to announce the launching of its Guardian Revere S&P 500 Advisory service.

Fast, Simple, Easy, and Cheap
We have designed the service with extreme simplicity and ease of use in mind. Regardless of experience, EVERYONE can use this simple notification service to insure the utmost in safety and profitability from his or her investments in the S&P 500 index.

If you own and self-direct investments in an S&P 500 index fund or ETF product, the GRA is a must-have no-brainer service. Our GRA signals are so good, and so reliable, that they are even safe for widows and orphans.

Here is what you get
Every three months you will get a quick buy, hold, or sell status-report for the S&P 500 (SPY-ETF) along with intermittent ACTION ALERT notifications as market conditions warrant. It's that simple.

As the chart above shows, having this insurance for just pennies a day delivers a big bang for the buck. Once you're covered, you can sit back, relax, and partake in the balance of life's journey with one less worry.

It's time for the common citizenry of the world to wake up and smell the coffee. Lift your heads from the sands of denial and for heaven sake, do something. Whatever you do, just don't be fooled again.



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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