Elliot Wave Theory -- Wave 3 of 3 ahead!

Started by CrackSmokeRepublican, June 27, 2009, 01:05:22 AM

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CrackSmokeRepublican

Have you heard the news ...

"Green shoots" are sprouting up on Wall Street and recovery is just around the corner, according to the mainstream financial media.

Please pardon us for being skeptical.

After all, the financial media plays like a broken record. Little more than two years ago, the markets were soaking in liquidity like it was going out of style – turns out it was! The media called it the "New Economy." Here around our shop, we called it just another media oversight.

Suffice it to say that since then, the environment has changed dramatically (media excluded, unfortunately). More recently, a wave 2 rally has renewed "some of the zaniness of 1999 and 2007," just as The Elliott Wave Financial Forecast anticipated it would back in April.

But in Elliott terms, wave 2 is anything but good news; consider it a final warning of what's still to come: Wave 3 of 3 – the "point of recognition" – the most violent decline of this bear market yet.

Surviving the next wave down will be impossible for anyone who's sipped the mainstream media's "worst is over" Kool-Aid. Yet investors who keep their portfolios safe, snapping up opportunities as they arise, will be best prepared for the ultimate opportunities at the bottom.

In a time when return of capital seems more important than return on capital, it's important to read unbiased analysis – advice designed to keep your hard-earned money safe, ready to work for you when you need it most.

www.elliotwave.com
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

rmstock


``I hope that the fair, and, I may say certain prospects of success will not induce us to relax.''
-- Lieutenant General George Washington, commander-in-chief to
   Major General Israel Putnam,
   Head-Quarters, Valley Forge, 5 May, 1778