Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
Stock Market Uptrend Continues? - 4th Aug 20
The Dimensions of Covid-19: The Hong Kong Flu Redux - 4th Aug 20
High Yield Junk Bonds Are Hot Again -- Despite Warning Signs - 4th Aug 20
Gold Stocks Autumn Rally - 4th Aug 20
“Government Sachs” Is Worried About the Federal Reserve Note - 4th Aug 20
Gold Miners Still Pushing That Cart of Rocks Up Hill - 4th Aug 20
UK Government to Cancel Christmas - Crazy Covid Eid 2020! - 4th Aug 20
Covid-19 Exposes NHS Institutional Racism Against Black and Asian Staff and Patients - 4th Aug 20
How Sony Is Fueling the Computer Vision Boom - 3rd Aug 20
Computer Gaming System Rig Top Tips For 6 Years Future Proofing Build Spec - 3rd Aug 20
Cornwwall Bude Caravan Park Holidays 2020 - Look Inside Holiday Resort Caravan - 3rd Aug 20
UK Caravan Park Holidays 2020 Review - Hoseasons Cayton Bay North East England - 3rd Aug 20
Best Travel Bags for 2020 Summer Holidays , Back Sling packs, water proof, money belt and tactical - 3rd Aug 20
Precious Metals Warn Of Increased Volatility Ahead - 2nd Aug 20
The Key USDX Sign for Gold and Silver - 2nd Aug 20
Corona Crisis Will Have Lasting Impact on Gold Market - 2nd Aug 20
Gold & Silver: Two Pictures - 1st Aug 20
The Bullish Case for Stocks Isn't Over Yet - 1st Aug 20
Is Gold Price Action Warning Of Imminent Monetary Collapse - Part 2? - 1st Aug 20
Will America Accept the World's Worst Pandemic Response Government - 1st Aug 20
Stock Market Technical Patterns, Future Expectations and More – Part II - 1st Aug 20
Trump White House Accelerating Toward a US Dollar Crisis - 31st Jul 20
Why US Commercial Real Estate is Set to Get Slammed - 31st Jul 20
Gold Price Blows Through Upside Resistance - The Chase Is On - 31st Jul 20
Is Crude Oil Price Setting Up for a Waterfall Decline? - 31st Jul 20
Stock Market Technical Patterns, Future Expectations and More - 30th Jul 20
Why Big Money Is Already Pouring Into Edge Computing Tech Stocks - 30th Jul 20
Economic and Geopolitical Worries Fuel Gold’s Rally - 30th Jul 20
How to Finance an Investment Property - 30th Jul 20
I Hate Banks - Including Goldman Sachs - 29th Jul 20
NASDAQ Stock Market Double Top & Price Channels Suggest Pending Price Correction - 29th Jul 20
Silver Price Surge Leaves Naysayers in the Dust - 29th Jul 20
UK Supermarket Covid-19 Shop - Few Masks, Lack of Social Distancing (Tesco) - 29th Jul 20
Budgie Clipped Wings, How Long Before it Can Fly Again? - 29th Jul 20
How To Take Advantage Of Tesla's 400% Stock Surge - 29th Jul 20
Gold Makes Record High and Targets $6,000 in New Bull Cycle - 28th Jul 20
Gold Strong Signal For A Secular Bull Market - 28th Jul 20
Anatomy of a Gold and Silver Precious Metals Bull Market - 28th Jul 20
Shopify Is Seizing an $80 Billion Pot of Gold - 28th Jul 20
Stock Market Minor Correction Underway - 28th Jul 20
Why College Is Never Coming Back - 27th Jul 20
Stocks Disconnect from Economy, Gold Responds - 27th Jul 20
Silver Begins Big Upside Rally Attempt - 27th Jul 20
The Gold and Silver Markets Have Changed… What About You? - 27th Jul 20
Google, Apple And Amazon Are Leading A $30 Trillion Assault On Wall Street - 27th Jul 20
This Stock Market Indicator Reaches "Lowest Level in Nearly 20 Years" - 26th Jul 20
New Wave of Economic Stimulus Lifts Gold Price - 26th Jul 20
Stock Market Slow Grind Higher Above the Early June Stock Highs - 26th Jul 20
How High Will Silver Go? - 25th Jul 20
If You Own Gold, Look Out Below - 25th Jul 20
Crude Oil and Energy Sets Up Near Major Resistance – Breakdown Pending - 25th Jul 20
FREE Access to Premium Market Forecasts by Elliott Wave International - 25th Jul 20
The Promise of Silver as August Approaches: Accumulation and Conversation - 25th Jul 20
The Silver Bull Gateway is at Hand - 24th Jul 20
The Prospects of S&P 500 Above the Early June Highs - 24th Jul 20
How Silver Could Surpass Its All-Time High - 24th Jul 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Trading the Stocks Bear Market Wave 4 Rally

Stock-Markets / Stocks Bear Market Mar 14, 2009 - 06:03 PM GMT

By: Joseph_Russo

Stock-Markets Best Financial Markets Analysis ArticleSCREW YOU MADOFF - Forget 12% a YEAR … How much is 30% per MONTH worth to you? - Casting aside 46% in open profits on our primary core positions with assurance contingency securing of a minimum 2009 return on the S&P 500 of 25%, what if we told you that on top of this, our Level-Three ancillary trading operations just booked another 30% return in the 9-February 13-March timeframe? Sounds too good to be true doesn't it.


Get Mad, then GET EVEN

What are you going to do now that Bernie and the rest of the smooth talkin' Ivy League jet setters of Wall Street have screwed up your investment accounts beyond all recognition? Retirement plans ruined, 529 college accounts busted, jobs in jeopardy, economy in shambles, and to top it all off, the chickens are still guarding the henhouse. We say, SCREW ALL OF THESE JACK OFFS, it's time to Rumble in the Jungle baby!

Kicking some Wall Street Ass

If you came to us on 9-February with your S&P index accounts nearly halved, by 13-March we would have hand-delivered a 30% return on the S&P. That's right. The recent introduction of our (NTST) author driven trading strategy has removed all of the guesswork from pulling the trigger. We tell you where and when to get in, where to trail stops, and when to get out. It's that simple. All you have to do is place and manage your orders according to the instructions provided on our charts. It's a spoon-fed no-brainer. See for yourself…

On Sunday 8-February, we sent an email dispatch alerting S&P traders to enter short with sell stops at or beneath the 866 level. On Monday 9-February, our sell stops elected, and a short position was on.

On Friday 27-February, we issued orders for S&P traders to cover shorts at the market if the index hit our downside price objective at 712 or lower. The chart below illustrates our 712 target capture, and rather profitable trade outcome.

As the chart above illustrates, although we booked profits at 712 we were still looking for lower prices toward the 670 level. The chart also graphically depicts our anticipation of a very sharp upward rally that would likely follow.

On Thursday 5-March, we posted trading orders for 6-March to BUY the S&P @ 670 or better. On Friday 6-March, we bought the S&P @ 670, less than four-points from the sessions print low. By the close of trade, our new long position was already up some 13-pts.

We wonder how many hedge fund or trading operations are up 30% in the last month. If you find some, do let us know what are they charging in fees and profits? Perhaps then, we can get a better idea of what our services are truly worth, and adjust our subscription fees accordingly. The time for such a revaluation process is nearing. As such, we suggest those with interest should acquaint themselves with our protocols at current subscription rates before premiums begin to better reflect the true value commanded by our outstanding trading guidance.

So here we are on 6-March, after missing the last leg down from 712, we are now long from 670 and looking for a sharp run-up toward the 780 level.

One week later on 13-March, the chart below delivers the goods as promised.

On 12-March, we advised S&P traders to lock in 10% profits with a trailing sell stop, and if that sell stop held, to then exit at 758 or higher. The high for Friday's session was 758.29, and the 758 level was broken two times amid the trading day.

So is it really too good to be true? Yeah, maybe it is, but it is true nonetheless. Do we return 30% a month like MADOFF clockwork? HELL NO! That would be some type of a Ponzi scheme now wouldn't it.

Hey, if a nation of millionaires and billionaires want to give us their funds for a smoothed 12% annual return, we would gladly take them up on it providing everything was legit, legal, fully disclosed, and transparent. Profits earned from trading operations would pay them their 12% annual return, and we would keep the balance as positive cash flow. We'll take that kind of deal every day of the week.

Until the fantasy described above comes to fruition, we shall remain quite content pummeling the living daylights out of Wall Street, the Madoffs, and the rest of the elite legion of hustlers combing the human landscape for all those gullible and eager to buy into their polished Ivy league hype.

We are showing you the money here, plain and simple. Whether you believe it or not is entirely up to you. If we were lying, every one of our subscribers would know it and likely cancel their subscriptions immediately. Do you think we would ever risk losing our loyal client base, NO WAY José?

The Money is on the table

We put it there for you every morning before the opening bell.

You can take it or leave it…

If interested however, one should act now, as the costs for such services are likely to rise in accordance with its applicable value.

Assuring Safe and Profitable Outcomes

In closing, we are the “Simplicity Experts” of navigation amid the broad equity markets. Our well-organized visual approach in chart presentation incorporates a disciplined blend of technical best practices. This presentation framework enables us to translate, organize, and simplify the otherwise complex, and challenging tasks inherent in navigating safely throughout the entire speculative process. The result is our NEAR TERM OUTLOOK , a simple but comprehensive trading publication, which provides clients with prudently actionable speculative guidance amid all time horizons.

Trade the Supercycle IV -Wave

The express focus of Elliott Wave Technology's Near Term Outlook is to help active traders anticipate price direction and amplitude of broad market indices over the short, intermediate, and long-term.

Communications ‘09: To more effectively convey dynamic trading conditions relevant to our technical publications; we have recently launched complimentary E-briefings for anyone interested in following our work. E-brief dispatches will summarize current market conditions and tactical trading postures across various time horizons and trading strategies. Those interested can obtain free-inclusion from the sign-up block on our homepage.

Trade Better / Invest Smarter...

By Joseph Russo
Chief Editor 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.

Joseph Russo Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules