In a year where Wall Street analyst consensus was squarely defeated by the -6.24% decline in the S&P 500, and most stock markets around the world ended the year with negative returns, most analysts and even hedge funds were wrong about the market and suffered losses. The blue chip index here in Sweden, the OMXS30, ended the year at a staggering -10.67%.
Any theory which claims to be even somewhat predictive regarding the financial markets comes under fire from parts of the investment community. This is not at all strange, and is in fact beneficial for the users of any criticized theory as long as that theory does in fact offer an edge of some kind.
In any discussion of the credibility and validity of the Elliott Wave Theory – we get to hear about how 1) “EWT doesn’t work”, 2) “isn’t built on a sound basis and/or premises”, 3) “EWT is just a story” or “curve fitting”.
Are you subscribed to a service which offers you long analysis reports and/or long videos? In this article, we’ll have a look at why long-winded analyses are the hallmark of amateur analysts, and why they can be deleterious to your success as a trader or investor.
We’ll also have a look at how the services provided by EWT Investing are superior with respect to the presented issues.
“Read on to learn the Special Super-Duper 1000 Secret Most Important Habits of Successful Traders.”
Headlines and articles like these pollute the Internet these days, with the vast majority of such articles written by unsuccessful analysts, traders and marketers, hoping to draw you in somehow.
This article is inspired by some nonsensical trading “advice” I just saw one of my competitors in the Elliott Wave scene put out, and in it, I’m going to take apart a number of commonly spouted advice, most of which I saw in the article that triggered me.
Most analysts like to talk a big game, but they aren’t actually profitable traders themselves – but rather marketers of things such as analyses, expensive trading programs, expensive online courses, and similar.
In this article, I take a look at my recent analysis performance and trading results, including the recent-most mini-crash. Most other analysts like to tell you about things after they happened, but our analysis service attempts to tell you beforehand what is most likely to occur in the financial markets – and while we’re not perfect, we’re very good and hard-working.
Will you get out of the stock markets before everyone else, this time?
The tremendous rise in the global stock markets over the last 9 years, has largely come about due to financial engineering, such as the ‘Quantitative Easing’ (QE) programmes undertaken by Western and Asian central banks, and suspension of Mark-to-Market rules for Western banks.
The time is now golden (yes, very funny, we know…) for a summary of our composite technical analyses of Gold for the time period 2017-01 to 2017-09.
This follows on our previously established very successful chain of Gold/USD analyses – our previous analysis summary for Gold/USD was published in March 2017. There’s some overlap in this summary.
Time for another summary of our Gold/USD-analysis track record. The success continues. Back in December 2016, we almost bottom-ticked the Gold/USD-price, as can be seen in our summary we wrote in early January, Track record: Gold/USD – 2017-01-14.
Let’s have a look at our mostly very accurate Elliott Wave Theory analysis of the US Dollar Index (USDX, DX #F) during H2 2016 (and parts of January 2017), which we analyze 1-2 times per week for our subscribers. Trading the US Dollar Index can be done through futures on the ICE, or ETF’s.
Q4 2016 and the start of Q1 2017 has proven to be quite volatile regarding the Gold/USD price (LBMA price series). We attempt to analyze Gold/USD on multiple time frames, and provide our best estimates on where it might go. Let’s have a look at how we fared in Q4 2016 up until now.