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.
August 28
REVIEW
The market pushed the OEW uptrend scenario to its absolute downside limit this week as the SPX traded down to the OEW 1040 pivot twice. It was make or break time from wednesday to friday, and so far the uptrend has held support. The economic front was not much help. Despite the light calendar the bias was definitely to the downside. Existing/new homes sales fell, Q2 GDP was lowered to +1.6%, and consumer sentiment declined. On the upside were durable goods orders, weekly jobless claims fell, and the WLEI edged higher. On friday the stock market recovered almost back to monday's close avoiding a larger negative week. For the week the SPX/DOW were -0.65%, and the NDX/NAZ were -1.55%. Asian markets lost 1.7%, European markets were -0.2%, and the Commodity equity group was -0.1%. Bonds were -0.3%, Crude gained 1.8%, Gold rose 0.8%, (Silver was +6.0%), and the USD slipped 0.2%. Next week there is a plethora of economic reports. FOMC minutes, Auto sales, ISM reports and the Payrolls report on friday highlight the week...
