When investing in highly liquid instruments, such as stocks, gold, etc., timing is of paramount importance. Buying into a bear market, as well as, selling too early during a bull market, can be quite disheartening. Markets are driven by long term Investor Psychology cycles. When the cycle is positive a bull market unfolds, when negative a bear market. Objective Elliott Wave (OEW) analysis, not only identifies whether this cycle is positive or negative. But it also determines exactly how far it has progressed within the current cycle.
As a bull market unfolds, a distinct predictable price pattern unfolds as well. This price pattern was discovered by RN. Elliott in the 1930's, and has been coined; the Elliott Wave Theory, (EWT). Unfortunately, this great discovery never reached its full potential, as Elliott was hampered by insufficient historical data, and the lack of modern technology. As a result, EWT is an incomplete theory. What has been made available to the general public, as the basic tenets of the theory, has left many in a quagmire of subjectivity. Hence, the price patterns are easy observed after they have occurred, rather than in real time. And, many EW technicians, have differing views of the same market. OEW is not textbook Elliott Wave. It is a proprietary technique, that quantiatively determines the start, and end, of every significant wave in real time.
OEW combines: the missing tenets of EWT, and the tracking of the Investor Psychology cycle, to determine not only where a bull or bear market is in its progression, but more importantly, when it will end. It's a bold statement, I agree! Year after year, however, OEW analysis has continually quantified every single medium term uptrend, in the stock market, since its inception in the early 1980's. Just as it has precisely identifed, every single medium term trend, for the entire history of the U.S. stock market.
One would assume that this type of quantitive analysis would be quite costly. It's FREE!
Just visit my blog; "the Elliott Wave lives on", link below, for your FREE OEW analysis of all major US indices, many leading stocks, gold, bonds, crude oil and the dollar. As well as, many foreign stock indices, such as; England, Germany, Australia, Japan, China, India and Canada. Updated twice daily during market hours: one hour after the open, and at the closing bell. And, a full wrap-up of the week, during the weekend. Also, all charts are updated throughout the trading day. Just visit our "All OEW Charts", link below.
In addition to providing this analysis for FREE, I offer to all qualified market participants, the opportunity to learn the OEW technique through private tutoring. One on one. If interested, email me at caldaro@objectiveelliottwave.com, or use the Contact US webpage.
For more information on the OEW technique: it's discovery and historical application, please visit the "About OEW". For more information about OEW private tutoring, please visit the "OEW Tutoring".
An excerpt from the current OEW view posted on "the Elliott Wave lives on". For complete text please click link below.
June 27
REVIEW
Economic reports for the week were generally inline with expectations. Existing homes sales were higher, new home sales lower, and home prices continued to decline. Durable goods orders continued to rise, and the final revision to Q1 GDP was raised from -5.7% to -5.5%. Over the past four quarters the GDP has dropped 15.1%. Weekly jobless claims remained over 600K, yet personal income and consumer spending reportedly rose. The markets started the week on the downside, and spent the rest of the week recovering. For the week the SPX/DOW were -0.8%, and the NDX/NAZ were +0.6%. Asian markets rose 1.6%, Europe was -1.9%, and Commodity equity markets were +0.7%. Currencies were volatile with the Euro (+0.9%) and Yen (+1.2%) rising, and the USD (-0.6%) declining. Bonds gained 0.3%, Crude lost 1.2%, and Gold added 0.6%. This upcoming week ends the the first half of the year, and non-farm payrolls with be reported on thursday...