Nightmare on Main

By: Joseph Russo | Thu, Nov 4, 2010
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Get with the program

At the Crest of Hyper-Inflation
This is where participants should most likely focus their attention - not on an outlier primary wave three down. It is abundantly clear who is running the show here; it is the Central banks of the world. If you subscribed to the rather convincing arguments of mainstream Elliott wave authorities for the past 15-years, we were supposedly at the crest of a bearish tidal wave in 1995. Well, the exact opposite happened. Equities TRIPLED in nominal value from 1995 through 2007.

Governments remain impotent / Central Banks Rule the World
The US central bank in particular, which has unfettered monopoly over the world's reserve currency, is in full control of the people's money. The United States Treasury and all branches of the US government are utterly impotent. Regardless of traditional political change and the will of the American people, this omnipotent central bank will do whatever necessary to maintain its world governing monopoly - keeping itself and Wall Street first in line to benefit while Main Street and its (in many instances complicit) elected government officials remain comatose and defenseless. In short, they have everyone of us by the shorthairs and the biggest of players tucked neatly in their back pockets.

Conquer the Bull-Crap
15-years after the fact, following 17-months of quasi validation amid the 2008-09 crash, and in the same vain as it was amid the rally off the 2002 lows, viewing the 76% fed-induced bailout rally from the March lows as precursor to a prospective primary wave 3 has been a losing proposition. We have been full circle with all of the perpetual hyperbole spewed by all mainstream authorities, including those within the technical analysis community.

In our world, embedding well-intentioned table pounding predictions into the psyche of followers is an outright disservice. Furthermore, fundamentals are a complete joke, and anyone claiming to have known with certainty what has happen over any timeframe is likely an outright charlatan. In our world, unbiased truth, reality, and price action rule, PERIOD.

The Unbiased Profitable Truth is on sale NOW - Get it while it lasts
In addition to getting things right since the inception of our service in 2005, we have continually encouraged our subscribers to acquire and rebalance at least 10% of their total net worth in physical gold and silver.

Furthermore, not only have we identified proprietary methodology to five specific levels of broad based engagement in the equity markets, but we have also coded the disciplined criteria into systematic trading/investment algorithms designed to capture the lion's share of Elliott wave movements at varying degrees of trend.

In concert with our no-nonsense brand of technical analysis, our proprietary methods of engagement are non-discretionary, non-biased, no-brainer, no-bull, no-hype methods to stay on the right side of the markets, mitigate risk, and PROFIT from the ongoing Nightmare on Main.

If one wants proof as to our historic record of opinion, one can review the complete history of our entire archive of public communications here.

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Get with the program or go down with the ship of fools. The choice is yours.

Until next time,
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/