One of the highest standards in assessing forecasting models is to determine whether such models provide consistent forward-looking guidance before the fact, not after.

Though we presented the chart below to members on January 12, the highlighted signals began back on October 21, 2009.

We intentionally limit lengthy written arguments, and present guidance in the most effective format to act upon, visually. With that said, we will leave most of the storytelling to the charts.

Every Chart Tells the Story

From October 21 - December 11, Crude Oil plunged $12.20 or 14.87%. From December 11 - January 11, Crude rallied back $14.14 or 20.25%. From January 11 - February 5, Crude plunged again, this time by $14.45 giving up its previous advance entirely.

Illustrated, are the results of our strategic forecasting models, which we construct to buy weakness and sell strength. These visual charts delivered membership the forward-looking guidance to capture major portions of each of these significant moves.

Whether accessed through our (NTO) Near Term Outlook, (PTP) Position Traders Perspective, or Platinum service, members following our Crude Oil charts from October of '09 have had four killer opportunities to reap extraordinary profits from the visual forecasting guidance presented in our publications.

Since our most recent bullish buy-signal noted on February 5, Crude has rallied $5.02 or 7.22% to its closing price of $74.52 on February 10.

By Joseph Russo
Chief Publisher and Technical Analyst
Elliott Wave Technology
Email Author

Copyright © 2009 Elliott Wave Technology. All Rights Reserved.
Joseph Russo, presently the Publisher and Chief Market analyst for Elliott Wave Technology, has been studying Elliott Wave Theory, and the Technical Analysis of Financial Markets since 1991 and currently maintains active member status in the "Market Technicians Association." Joe continues to expand his body of knowledge through the MTA's accredited CMT program.

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