Banking Short-Term Profits

By: Joseph Russo | Thu, Jun 10, 2010
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S&P 500 | from EWT's Day Traders Perspective | 9-June, 2010

First off, we will never try and pitch you on a bunch of exaggerated nonsensical claims, and tell you that you MUST SIGN UP NOW before we close the doors on you.

Instead, we present outcome to just another day at the office - business as usual, as it were - short and sweet, less the nonsense of course...

S&P500

 

S&P 500 | Short-Term (MV) Trading Strategy | June-8
Long positions established at 1052. Within 12-price bars, our proprietary MV trading strategy booked 23-pts in S&P profits as it reversed short near the highs of the session at 1075. By the close, open profits stacked another 20-pts atop those banked at the session highs... You do the math...

Next Order of Business
Crude Oil | From EWT's Near Term Outlook | 9-June, 2010

Crude Oil - Daily Chart

The highlighted text archiving recent history in our day-to-day business of alerting readers to profitable trading opportunities tells the entire story of booking $1490 per single futures contract on just one common trade set-up recommendation.

Forget the hype, get to work, and do the math...

Bam!

Are you tired of hearing "come hither" from everyone who boasts they were the only ones to have forecast a market high in April?

Are you tired of reading through continual threads of inference threatening one of being locked out of subscribing to a service because if you don't join now like thousands of others who are making millions each day, they will lock you out forever? (Or at least until they need another rush of lemmings)

If so, we simply wish to agree that we are too.

Like you, we too shall patiently wait for the inevitable return and restoration of sound ethics, hard work, honest dealing, and the richness of integrity.

Until then,
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

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