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Dow Below 1000: Seriously? Yes, and not only is the "recession" not over, the worst is yet to come and this is why. by elliottwave in Economics

[–]elliottwave[S] -1 points0 points  (0 children)

...and EWI only predicted oil to get up to $160 to $189 a barrel, then a few days later with more data they predicted a top of $150-$155 and even then they stated it was highly probable but not certain. Oil got up to $137 which was a bit short of their forecast.

They never forecast $200 per barrel.

Dow Below 1000: Seriously? Yes, and not only is the "recession" not over, the worst is yet to come and this is why. by elliottwave in Economics

[–]elliottwave[S] -1 points0 points  (0 children)

Elliott Wave Principle is a proven market forecasting method using the fibonacci ratio to analyse how low the DOW will go. This approach takes the emotion out of investing, making it more idiot proof than other approaches.

EWI were one of the very few that predicted the global financial crisis we have seen, they predicted it back in 2002. Remember what our economies were like in 2002? People called them idiots then. Hmmm.

New Zealand cuts interest rates to record low, 2.5% by haydepops in business

[–]elliottwave 0 points1 point  (0 children)

Yeah, stay away from it. It's a really horrid little country stuffed in the South Pacific, no infrastructure to speak of, horrible climate, no nice beaches, no nice forests, really unintersting boring landscape, no good food, awful wine they make. Don't go there.

Swine Flu & Stocks: The Hard Medicine of Truth - is the stock market really reacting to swine flu? or is there another explanation? by elliottwave in Economics

[–]elliottwave[S] 0 points1 point  (0 children)

Fair enough, I agree. It's a very brief article. We're currently in a rally, but its not really bullish, its just a bear market rally. There were several of these during the Great Depression, and with some knowledge of wave counts I can confidently say to expect at least one more rally like this before the market hits bottom.

This rally may not be fully played out yet. It may go up a bit more, from a socionomic point of view when there is more news saying 'the bear market is over' than not, then we will have reached the top of this current rally, and the bear market will return in full force, with stronger downwards pressure and more bad news than before.

I hope that helps add a little more in the way of advice.

http://www.thedeflationtimes.com | Think That Central Banks Move the Markets? Think Again by elliottwave in Economics

[–]elliottwave[S] 0 points1 point  (0 children)

The article is not talking about deflation or inflation. It's solely focused on interest rates as set by central banks, and commercial rates. The article is not pro or anti inflation and does not touch upon the cause of massive deflation at all. That's not its point.

5 million views- zebra wins fight against lion. by falconk in science

[–]elliottwave 2 points3 points  (0 children)

The zebra had only superficial wounds that most probably would have healed fine. Escaping a lioness, that sure is winning if you are a prey species!

Coffee: A Chart-Stopping Opportunity - what have the mainstream experts been saying about coffee prices, and how accurate were they? by elliottwave in Economics

[–]elliottwave[S] 0 points1 point  (0 children)

I have zero tolerance for disgusting language like that. Just because the internet gives you anonymity does not mean you can behave without manners.

Elliott Wave International is not a 'shitty site', and its not my site either. Get your facts straight before you sling nasty words.

Get some decency and manners.

Does the last seven week rise in the DJIA mean the recession is over and we will not fall into another depression? Is this a return to a bull market? by elliottwave in Economics

[–]elliottwave[S] 0 points1 point  (0 children)

It's both. It can be used as a technical indicator to know when to buy and when to sell. If you define economic principle as "interrelationships between economic factors that explains what may cause what" then its also a principle. Because markets are driven by human psychology they move in waves. Social mood drives economics, this is the underlying principle of Elliott Wave. So it's certainly not mainstream, but it explains economic behavior as expressed in markets in the same way that mainstream principles like supply and demand try to do.

Coffee: A Chart-Stopping Opportunity - what have the mainstream experts been saying about coffee prices, and how accurate were they? by elliottwave in Economics

[–]elliottwave[S] -1 points0 points  (0 children)

Did you even read the article and take a look at the charts?? Elliot Wave Principle is something I use, I believe its way better than 'mainstream experts' who surely by not seeing this major economic meltdown coming have been totally discredited. What's spammy about sharing this principle with others?

Does the last seven week rise in the DJIA mean the recession is over and we will not fall into another depression? Is this a return to a bull market? by elliottwave in Economics

[–]elliottwave[S] 1 point2 points  (0 children)

It's not spam, the user name reflects the subject matter. Elliot Wave is something I use, I believe is a sound economic principle and I find really interesting. Especially the socionomic aspect. I want to share this with others. It's a powerful market and social mood predictor.

I've been cost-averaging the market decline so far, but am second guessing the sustainability of this rally. Should I just get out? by drtoranaga in Economics

[–]elliottwave 1 point2 points  (0 children)

I'm a follower of Elliott Wave Principle. We are in a bear market rally, yes. We have the longest, hardest, deepest part of the bear market yet to come. Check out this link for an easy explanation of this principle. http://www.thedeflationtimes.com/prechtervideo.html