EW Doomsday: Fresh New Highs For Stock Market DJTA
Stock-Markets / Elliott Wave Theory Mar 21, 2008 - 07:27 AMBy: Eric_Chevrette
As in my previous article, I won't bother you with a long exposé and will make my point with just a few well chosen charts.
If you have never before been into the living heart of a true “wave 3” then it is what you WILL experience in the very next days with global US indexes. Here is the updated chart from my previous article just a few days ago.
Chart #1
It is quite CLEAR that many big surprises are “in the cards” for most investors who are not ready for such a violent “comeback” in stock markets amidst so many bad news. But it is always like this that any market reversal does take place in the end. Of course, GEW members have got all the detailed information why & how Jan 23, 2008 IS the day a new bull is born towards new highs, but the chart above will be enough for you to understand what happens with US stock markets in the very next days. Of course, there will be heavy discussion among experts to find out why the “Dow theory” is “failing”.
Then if you doubt the market reversal, just watch the “smart hands” getting REALLY ACTIVE in FANNIE MAE (same thing with Freddie Mac), maybe on behalf of information which the wide public shouldn't know…. . You have here a completed bear market with wave C extended in a 5 wave move down; as a matter of fact, GEW members have been warned of this silent activity since several weeks.
Chart #2
As to those who think that inflation is a worry of the past after 3 days down with raw materials, the truth is that they are just day dreaming; as GEW members have got to know with detailed information, the current fall (which was indicated in my previous article) is only a small “wave 2” within a long term bullish pattern with raw materials which has many years to go; indeed you'd better know that $ 100 for oil is just a worn out joke and you'd better make yourself ready at the wheel to be paying $ 4 and higher for a gallon of gasoline (US price) in a not too distant future.
But if you have good information (about which market where to put your money) , there is a good chance that you won't suffer too much from the long term inflation which is mainly caused by more than 25 years of HEAVY money printing pursued by the FED after the gold Standard was abandoned in 1971.
Happy investing to you.
Eric F.M. Chevrette
France
eric_chevrette@yahoo.fr
Fone: 00.237.9.660.53.59
© 2008 Eric F.M. Chevrette
Eric Chevrette translated Bob Prechter's “Elliott Wave Principle” in 1989 after graduating in 1984 from the ESCP (Ecole Supérieure de Commerce de Paris, see http://www.escp-eap.net ) which has been ranked 6 best business school in Europe by the Financial Times in 2006. He since has become interested in “market forecasting” and “global economical analysis” since 1987 and is currently helping people to protect and grow their assets while anticipating the big trends.
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Comments
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Bruce Becker
28 Mar 08, 10:52 |
Market
So we should sell everything just like after your last commentary in November...? |
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