do Corporate Earnings drive Stock Prices ??

Since the time of buttonwood trees, Wall Street has had its own version of the Ten Commandments — the cornerstone principles of conventional economic wisdom. [...]

Robert Prechter on Investing Now

Video (Part 1): Prechter On Market Rally

(Note: This interview was originally recorded on September 20, 2010)

In the video below, Robert Prechter talks to Yahoo! Finance Tech Ticker host Aaron Task and Henry Blodget about extreme readings in various indicators that confirm his bear-market forecast.

Get Up to Speed on Robert [...]

It’s Not the Time to Speculate in Stocks

3 Reasons Now is Not the Time to Speculate in Stocks

Sometimes the investment weather forces you to ‘buy a coat,’ says Robert Prechter August 31, 2010

by Elliott Wave International When it’s sunny, you head outside without a thought, but when it’s rainy, you look [...]

How to Find the Safest Banks

Many banks today also have a shockingly large exposure to leveraged derivatives such as futures, options and even more exotic instruments. The underlying value of assets represented by such financial derivatives at quite a few big banks is greater than the total value of all their deposits. The estimated representative value of all derivatives in the world today is $90 trillion, over half of which is held by U.S. banks. Many banks use derivatives to hedge against investment exposure, but that strategy works only if the speculator on the other side of the trade can pay off if he’s wrong. [...]

the Real-Time Power of Elliott Wave Analysis

In this video, Elliott Wave International’s Asian-Pacific Financial Forecast Editor Mark Galasiewski shows you how Elliott wave analysis was able to predict Hong Kong’s late ’90s mania and its aftermath in real time — without looking at the news or the market’s “fundamentals.” [...]

How To Tell a Good Forecast from a Bad One

How To Tell a Good Forecast from a Bad One a good lesson reprinted from March 5, 2009

Here’s a forecast for you. Clear and direct. As quoted by a Reuters reporter in his January 15, 2009, article, entitled, “Global Lending Thaw May Yet Return to Deep Freeze.”

“‘This is a temporary respite and when [...]

QQQQ Elliott Wave Chart

Here is an Elliott Wave Chart with counts that I drew over a month ago . . . it looks to be coming to fruition . . . QQQQ needs to continue South for a while now:

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Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis By Elliott Wave International

Be [...]

How a Kid With a Ruler Can Make a Million

A Lesson in Drawing and Using Trendlines September 24, 2009

The following article is adapted from a brand-new 50-page ebook from Elliott Wave International. Learn more about The Ultimate Technical Analysis Handbook, and download your free copy here.

By Jeffrey Kennedy

When I began my career as an analyst, I was lucky enough to have [...]

Important Earnings Reports

Sometimes Earnings Reports not only tell us how a specific company is doing lately, but can give us insight into how a complete sector is doing or how the entire economy might be affected.

This week we have some such Earnings Reports being released:

CAG .. Tuesday, 22-Sep-09 BMO … ConAgra and GIS .. Wednesday, [...]

QQQQ and SPX Long-Term Views

In order to see where the Stock Market may go next, I like to step back and look at a Longer-Term View by using Monthly Charts:

1 – using some Moving Averages (14/18), you can judge the overall Strength of the current Market by seeing Price relationship with a Historical perspective . . . although [...]

US-Dollar vs SPX vs QQQQ

The Markets sure have been moving Up lately . . very quickly . . . and on Decreasing Volume .. ever since March-2009 . . . AND, with bad economic news coming out every week! We ask ourselves, why?!? . . . especially those who keep Shorting the Market trying to catch the next swing [...]

SPX Head & Shoulders . . .

Today’s Lesson will focus on the Head & Shoulders pattern and we’ll look at the S&P-500 Chart and use Head & Shoulders (H&S) Analysis to predict the near future in SPX.

First of all, the term “Head and Shoulders” is used to describe a chart formation in which a stock’s price:

Rises to a peak and [...]

Gold and Silver

By having the long-term history available in all of the major markets, the ratios between those markets provide us with important reference points, alerting us to situations when one asset or market is overvalued or undervalued relative to another. On a macro level, this can result in a determination that raw commodities will provide a [...]