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Copper Fell As Expected. Now What?

It’s been more than a year. On March 10th, 2014, we published “Copper Measures The Strength of The Economy”. In that forecast we shared our extremely bearish thoughts. While copper was trading at 3.114, the Elliott Wave Principle suggested it might lose another dollar. As the chart below will demonstrate, our price target was near…

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Greece? Greek Stocks? Why Not!

Greece is in trouble. The biggest trouble in its financial history. The country just missed a payment to the International Monetary Fund and is now asking its people whether to continue paying its debts or not. The banks will not open for a second consecutive week, because, as “The Telegraph” claims, they are down to…

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Cheap Oil… At The Price Of What?

What is not to love about cheap oil? Low oil prices reduce our monthly fuel costs, moreover they leave us with more leftover cash to spent in other sectors. Does this mean, that someone else is paying the price of our convenience ? The top three net oil exporters are Saudi Arabia, Russia and Iran.…

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The Wave Principle and “The Panic of 1907”

Have you ever heard of “The Panic of 1907”? Before the Great Depression of 1929-1933, 1907 was known as one of the worst years in the history of the stock market. Needless to say nobody saw it coming when the Dow Jones Industrial Average climbed above the 100 dollar mark for the first time in January 1906.…

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A Big Bear Show Ahead for ASX 200?

It has been a while since we published our last update on the ASX 200 index, where we were expecting a wave (2) correction to the upside soon. We thought so, because there was a complete impulsive decline and the Elliott Wave Principle postulates, that every impulse is followed by a three-wave correction in the opposite…

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Eurozone blue chips may be at risk

The market remains in a downtrend, wreaking havoc on banks in Austria, Bulgaria and Portugal. Meanwhile, the euro reversed to the downside against the US dollar and is expected to continue lower over the course of 2014. The Euro Stoxx 50 is an index designed to provide a blue-chip representation of Supersector leaders in the…

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Dow Jones and the extreme bullishness

It took the Dow Jones Industrial Average only a little over two weeks to step back from the all-time high of 17 148 to as low as 16 434. To be exact, it was a 714-point sell-off in just 12 trading days. 317 lost on July 31st alone. If you are getting nervous while reading…

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Dow Jones not as healthy as it seems

The Dow Jones Industrial Average index, one of the best economy barometers, has been flirting with the $17 000 mark during the last two weeks, but was unable to reach it. With the majority of investors becoming more and more optimistic about it, getting above 17k is only a matter of time. But then what?…

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Is Putin set to fail with the gold ruble?

People say that politics is complicated! Well, it is, but not so much, if you understand market behavior. It has been some time since the President of Russia Vladimir Putin has declared war on the US dollar, preparing to introduce the gold standard again. Russia is the world’s largest oil producer and lately a big…

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NASDAQ and S&P – a warning for investors

Since the beginning of 2009, when all major US indices bottomed, the S&P 500 and Dow Jones have been trending to new record highs. Dow Jones, NASDAQ and S&P 500 have been recovering in corrective fashion. In this article we are going to take a look at NASDAQ 100 and S&P 500, order to see…

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USD index before ECB

ECB’s decision about interest rates can always bring some surprises into the markets, but it won’t hurt if we look at the USD index before the news tomorrow. The Elliott Wave Principle has the ability to absorb news quite often, so let’s see what the charts have to say. As shown on the 1-hour chart…

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India on the brink of a new era

In the end of 2008 India’s stock market hit bottom, finishing its correction of the rally form 2003. Since then there has been a strong, non-overlapping movement to the upside. The chart below is a classic example of the fractal nature of aggregate stock market price movement. We are identifying a series of 1s and 2s,…

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How is the banking system doing ( KBW index )?

KBW index is an economic index consisting of the stocks of 24 banking companies. This index serves as a benchmark of the banking sector. This index trades on the Philadelphia Stock Exchange, where it was created. The KBW Index is named after Keefe, Bruyette and Woods, a recognized authority in the banking industry. The 2007…

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Copper measures the strength of the economy

Industrial copper is a leading indicator of the economy’s health and moreover the strength of the world’s industry. The uptrend in copper coincides with the overall uptrend in the world’s industry and economy. This commodity took a hit at the end of 2006, shortly before the start of the 2007 downtrend in all industrial indices and…

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The rebirth of the US Dollar (update)

The US dollar has been behaving quite well despite of the bad fundamentals, because the market is driven by social mood, not economic news. The economy lags the market. The greatest thing about the Elliott Wave Principle is that you know when your scenario is wrong. Every scenario has its own invalidation level and this…

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