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11 June 2012

Elliott Wave Limited-Time Offer

Risk-Free, Limited-Time Offer Ends June 14. Details below.

In the first four months of 2012, nearly everyone went "all in" stocks and gold – and said "no way" to the dollar. As it turns out, the markets moved contrary to their consensus opinion. This begs the question:

What Were You Reading

about Stocks, Gold

and the Dollar when ...

  • The U.S. Dollar Index was at 78.7 on Feb. 9 and the financial news reported, "Experts are forecasting a continuation of soft performance in the U.S. dollar as talk of a likely deal in Greece empowers the euro." – NuWire Investor

    Here's what we said (when we said it):

  • Gold was at $1,728 on Feb. 6 and the financial news reported, "HSBC said it was keeping its 2012 average gold forecast at $1,850 an ounce due to accommodative global monetary policies, financial market uncertainty and renewed central banks' interest." – Reuters

    Here's what we said (when we said it):

  • The Dow was at 13,215 on May 1 and the financial news reported, "Greenspan Says US Stocks 'Very Cheap,' Likely to Rise" – Bloomberg

    Here's what we said (when we said it):

Now, we don't share these timely forecasts to imply that we're always right. You and I know that no market forecasting service can make that claim. Yet we want you to know that while volatility does mean uncertainty to many investors, it can often mean opportunity if you're watching the waves.

The most important question for you today is NOT

what were you reading then, but rather ...

What are you going to read NOW?

EWI's flagship publications, The Elliott Wave Financial Forecast and Robert Prechter's Elliott Wave Theorist, offer you more insight, more useful charts, more research and more timely analysis than any other publications anywhere. Bar none.
This is your opportunity to get up to speed – and ahead of the markets – with EWI's two flagship market letters.

Click for . . . FREE Elliott Wave Principles Tutorial . . .

 The Elliott Wave Financial Forecast (monthly)
(US Stocks, Gold, Silver, Bonds, US Dollar | 10 pages)
$57/quarter value ... includes 6 months of archived issues

The Elliott Wave Financial Forecast Get deatiled monthly financial analysis in the latest 10-page Elliott Wave Financial Forecast. Plus get the past 6 months of Financial Forecasts to see where we've been and where stocks, gold and the U.S. dollar are heading next.
You get instant access to 60-plus pages of big-picture insights from the Financial Forecast! (Plus the next 6 months of Financial Forecasts to come.)
Instantly download the Financial Forecast archives and get:
  • A new 10-page Special Report on changes ahead for bond yields – it's one of the most important investor warnings we've ever published.
  • A 75-year-old trendline – once support, now resistance. Find out what this 7-decade-long trendline is telling us about the future of share prices in the U.S. NOW.
  • Europe overall has a 10.9% unemployment rate with 11 nations in recession. The crisis recently spread to Spain and Italy – see if there’s a turning point ahead for the sovereign debt crisis across the pond.
  • How today's investor sentiment compares to the personality of the current wave pattern.
  • The money-saving insights that go along with a 100-year stock chart labeled "1929 is a Molehill Compared to this Mountain."
  • A picture that shows the Dow is reaching “major resistance” at the top line of an 80-year-old trend channel.
  • New evidence that suggests investors are shunning risk and looking for safety. Read and see for yourself how the trend is similar to the peaks of 1973 and 1937.

 Bob Prechter's Elliott Wave Theorist (monthly)
(US Stocks, Social Trends, Big-Picture Insights | 10 pages)
$60/quarter value ... includes 6 months of archived issues

Elliott Wave Theorist Tie the detailed monthly outlook together with Bob Prechter's big-picture, 21-page double issue of The Elliott Wave Theorist. Plus get the past 6 months of Theorists to identify the underlying mood that has been driving stocks, gold and the U.S. dollar since the beginning of 2012, and learn how a critical shift will affect these markets' prices in the months and years ahead.
You get instant access to 60-plus pages of big-picture insights from the Theorist! (Plus the next 6 months of Theorists to come.)
Instantly download the Theorist archives and get:
  • The jaw-dropping picture that reveals a 12-year pattern in U.S. stocks, with the commentary and forecast that reveals what happens next. This may be the most important chart you see all year!
  • Learn why in April the Obama administration called for new regulations to "fight oil manipulation," and find out which scenario the President should really fear – rising gas prices, or a falling price trend?
  • A detailed look at the municipal bonds market and whether you should put your money in muni (or other government) bonds. And if not, where?
  • Why market tops are less distinct than bottoms, which makes them harder to predict.
  • Slowing economic growth in the U.S. – why it looks eerily similar to another period this century. Learn what the parallels are and why they're more important now than ever.

Limited-Time Offer:

Get All 2012 Financial Forecasts

and Theorists for just $174

Start your 30-day risk-free trial to EWI's two flagship letters, The Elliott Wave Theorist and The Elliott Wave Financial Forecast, now and get instant acecss to the entire 6-month archive of original research and insights for free.

Your risk-free subscription also includes instant online access to the June 6 Special Report on Bond Yields.
ORDER BEFORE JUNE 14, and for just $174, you get a year's worth of forecasts and analysis (the past 6 months and the next 6 months to come). Plus you have 30 risk-free days to fully assess your publications and see how they can help you get ahead of stocks, gold and the U.S. dollar (not to mention oil, real estate, bonds and much, much more).
Here's what you get:
  • A year's worth of the Financial Forecasts and Theorists (the past 6 issues of each and the next 6 issues of each to come – more than 12 issues, 120-plus pages in all!)
  • Robert Prechter's two best-selling books, The Elliott Wave Principle ($29 value) and Conquer the Crash ($29.95 value), delivered to your doorstep for FREE. (shipping applies)
  • Plus a wealth of other subscriber-only extras, including classic reports, tutorials, webinars, online courses, archived interviews with Robert Prechter and much, much more!
 Please don't delay! Access to the 6-month archives expires with these offers on June 14.

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07 June 2012

the 80/20 Trade

The 80/20 Trade: "Pounce Like a Cat"
Patience Can Be Rewarding
June 04, 2012

By Elliott Wave International

Copy the tiger when stalking and capturing a "pounce-ready" trade.
Tigers know the prey they covet is elusive: they show great patience and care when stalking the target.
I came across this description of the tiger's technique:
"When hunting, this cat...may take twenty minutes to creep over ground which would be covered in under one minute at a normal walk...the tiger will sometimes pause...move closer and so lessen that critical attack distance...before finally raising its body and charging.

"...they wait until a victim comes close and spring up...This ambush method of hunting uses less energy and has a greater chance of success."
You must "ambush" high confidence trades. Long-time professional trader and teacher Dick Diamond says patience is vital before the ambush.
I talked to Diamond about his famous 80/20 trade, which he means literally -- he says it has at least an 80 percent chance of success. It's the only trade set-up Diamond will take.
Q: Could you tell me about the 80/20 trade?
Diamond: The 80/20 trade is based on indicators that create a specific trading set-up. A trader must act on this set-up immediately. You must wait, and then pounce like a cat when the opportunity presents itself. Then you set stops. In shorter time frames, like trading from a five minute chart, the 80/20 set up may come along a few times a day. If you're trading a longer time frame, like off of a 120 minute or 240 minute chart, the 80/20 will come along less frequently, but when it does, the opportunity will be bigger. The 80/20 trade can be especially rewarding for position traders. Sometimes the indicators reveal what I call 90/10 or even 95/5 trades.
Q: What emotional factors do students need to work on the most?
Diamond: Traders must be calm and confident. You can't be a Nervous Nellie and succeed at trading. Calmness comes from learning the proper trading techniques.
Q: What's different about trading today vs. when you started out in the 1960s?
Diamond: When I started trading, execution took up to five minutes -- now it takes less than a second. Time is money, so computers provide a great advantage to today's trader compared to pre-computer days. At the same time, while computers allow the trader to see multiple indicators on the screen, one must avoid indicator overload. One must learn to narrow down the number of indicators.

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