03/08/2012 – The Surge Higher in U.S. Markets: “The Stage is Being Set”
August 5, 2012 11:03 pm
Elliott Wave International has long observed that external events do not alter the dominant trend of financial markets — not even major events like wars, natural disasters, terrorist attacks, political assassinations or any other news that makes headlines.
Now, it is true that news can sometimes have a near-term effect on market prices.
The July 26 opening bell is an example.
Dow Surges 200 Points on Draghi Comments, Jobless Claims
That’s from The Wall Street Journal. The text reads:
Europe’s top central banker sparked a global rally in stocks after reassuring investors the Continent’s central bank would be vigilant about holding together the euro zone…. European Central Bank President Mario Draghi…said the ECB is ready to do whatever it takes to preserve the common-currency union.
The article adds that “the number of U.S. workers filing for unemployment benefits fell for the fourth time in five weeks, to a level that was far lower than expected.”
EWI expected a near-term bounce in stock prices — just one day ago.
On July 25, EWI’s Financial Forecast Short Term Update said this to subscribers:
Near term, there may be a few more days of bounce. The stock market is setting the stage…
The Update went on to describe what the stock market is setting the stage for. It is not what most investors expect.
The pattern in the major U.S. stock indexes has been 80 years in the making — which is to say, the pattern is unfolding at a large degree of trend.
You Can Be Ready for the Market Changes Ahead.
Let Elliott Wave International change the way you see the markets forever. Right now, our 50-page Independent Investor eBook is available to download FREE.
You’ll get some of the most groundbreaking and eye-opening reports ever published in Elliott Wave International’s 30-year history; you’ll also get analysis, forecasts and commentary to help you think independently in today’s tumultuous market.
Elliott Wave International has long observed that external events
do not alter the dominant trend of financial markets — not even
major events like wars, natural disasters, terrorist
attacks, political assassinations or any other news that makes
headlines.
Now, it is true that news can sometimes have a near-term effect on market prices.
The July 26 opening bell is an example.
That’s from The Wall Street Journal. The text reads:
The article adds that “the number of U.S. workers filing for unemployment benefits fell for the fourth time in five weeks, to a level that was far lower than expected.”
EWI expected a near-term bounce in stock prices — just one day ago.
On July 25, EWI’s Financial Forecast Short Term Update
said this to subscribers:
The Update went on to describe what the stock
market is setting the stage for. It is not what most
investors expect.
The pattern in the major U.S. stock indexes has been 80 years
in the making — which is to say, the pattern is unfolding at
a large degree of trend.
You Can Be Ready for the Market
Changes Ahead.
Let Elliott Wave International change the way you see the
markets forever. Right now, our 50-page Independent
Investor eBook is available to download FREE.
You’ll get some of the most groundbreaking and eye-opening
reports ever published in Elliott Wave International’s 30-year
history; you’ll also get analysis, forecasts and commentary
to help you think independently in today’s tumultuous market.
Learn to think differently about the markets. Download the 50-page Independent Investor eBook now >>
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