There’s an old saying on Wall Street that goes “buy low and sell high.” It’s usually said in jest because it’s a feat that’s much easier said than done. History shows that most investors pile into bull markets just as they are about to end, and they do the opposite in bear markets: sell right near the bottom, when the fear is at its highest.
According to the news-focused analysts, commodities as a whole had resolved to quit their bear habits in 2011, and soar: “The bull market in commodities is likely to continue for some time.” (Dec. 8, 2010, Wall Street Journal). “The crash of 2008 in commodities was a mere blip… The rally in prices shows no signs of slowing.” (March 9, 2010, National Post)
Elliott Wave International (EWI) is hosting a free Trader Education Week, October 12-18. Register now and get instant access to free trading resources — and you’ll receivemore lessons as they’re unlocked each day of the event. Plus, you’ll be invited to attend a live, online webinar with Jeffrey Kennedy on October 13 and have the opportunity to ask him questions about the lesson he teaches that day.
See examples of a head-and-shoulders pattern in a chart of SPY By Elliott Wave International A head-and-shoulders pattern is one of the most well-known classic chart patterns. In this 4-minute video from Jeffrey Kennedy’s Trader’s Classroom, you’ll see an example of a bearish head-and-shoulders formation and a bullish, inverted head-and-shoulders pattern in the chart of […]
Looks the Elliot 5 wave count for US Dollar index possibly. Next move in elliot will be corrective moves with ABC Pattern as shown below Possibly the Dollar Game Show Ends!!!! Source: www.marketcalls.in