Elliott Wave « Elliott Wave Trading

Gold: Best Supporting Role In Economic Downturns? Think Again

Gold’s safe-haven status is based on hype, not history
March 9, 2010
By Nico Isaac

As I sat down to watch the Oscar pre-show on Sunday night, March 7, one word was repeatedly used to describe the celebrity starlets and their designer duds: GOLD. Gold bustiers and gold lame skirts, shiny gun-metal dresses and glittery sequined gowns all [...]

Wave Principle Crash Course: There’s No Going Back

Free video tutorial available to all Club EWI members
March 4, 2010
By Nico Isaac

For over ten decades, the mainstream financial world has embraced the view that external news events drive trend changes in the markets. In less than ten minutes, EWI’s senior tutorial instructor Wayne Gorman shatters that very idea into a fine dust, [...]

What Does NOT Move Markets? Examining 8 Claims of Market Efficiency

If everyone says that shocks from outside the financial system — so-called exogenous shocks — can affect it for better or worse, they must be right.

It just sounds so darned logical, right? Economists believe this trope to be true, mainly because they believe that investors are rational thinkers who re-evaluate their positions after every [...]