Gold and silver have been all over the financial news.
On Thursday, June 20, silver fell below $20 (-60% from 2011 high), and gold fell below $1300 (-30% from 2011 high).
We first published the chart below after metals plunged in mid-April. It shows EWI's forecasts not only leading up to those big moves ... but during the past three years of opportunity.
Continue reading "Stunning Chart Shows Gold and Silver Defy Bulls' Optimism"
If you use Elliott in your technical analysis, you may already use Fibonacci ratios to determine targets and retracement levels in your charts.
But have you heard of "Fibonacci Clusters?"
Elliott Wave Junctures editor Jeffrey Kennedy shares
his charts to illustrate this technique, which he recently
used to identify a critical turning point in Gold. The following
lesson is adapted from his March 26 video. Get more lessons
from Jeffrey in the free report, 6 Lessons to Help
You Spot Trading Opportunities in Any Market. Continue reading "How a Fibonacci Cluster Showed an Important Resistance Level in Gold"
Adam had a chance to sit down with Jim Martens from Elliot Wave International (EWI). He shared some of his trading experiences and had some great insight on the currency markets.
Jim Martens is Elliott Wave International’s Senior Currency Strategist and editor of Currency Specialty Service. He got his start working with metals traders on the Commodity Exchange Center in New York and quickly earned a reputation for insightful market calls. Jim first joined Robert Prechter’s team at EWI in September 1993, covering a diverse list of markets from commodities to financials. He left EWI in 2001 to join Nexus Capital Limited, a Soros-affiliated Hedge Fund based in Hamilton, Bermuda, as their Technical Market Strategist. Jim rejoined EWI in the summer of 2004 and soon headed up the currency team. He is an experienced Elliott Wave instructor and presents at various trading seminars and tutorials around the world. Continue reading "Adam Hewison interviews Jim Martens, Senior Currency Strategist for Elliott Wave International"
Explore the rules, guidelines and Fibonacci multiples of impulse waves
By Elliott Wave International
Impulse waves are an integral part of the Wave Principle. Understanding their rules, guidelines and Fibonacci multiples will improve your application and your ability to identify high-confidence trade setups.
There are three rules that govern impulse waves:
In 2005, a mania for residential real estate reached such a fever pitch that a series of cable television shows became entirely devoted to house "flipping."
Flipping involves buying a worse-for-wear house, making the minimum repairs necessary, then turning right around and selling it - ideally for a fast and
handsome profit.
Two years before the housing bust became painfully obvious to U.S. homeowners, EWI's publications warned subscribers that the housing market Continue reading "The Expected Housing Recovery Faces a Brick Wall"
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