For over ten decades, the mainstream financial world has embraced the view that external news events drive trend changes in the markets. In less than ten minutes, EWI’s senior tutorial instructor Wayne Gorman shatters that very idea into a fine dust, swept away into thin air.
In part one of his exclusive, three-part Club EWI video series “Why Use The Wave Principle,” Wayne first assesses the pitfalls of relying on macroeconomic models to forecast; namely: “An investor is lured into the market at just the worst time, when it’s time to sell, and forced out just at the best time to buy.”
Nico Isaac writes for Elliott Wave International, a market forecasting and technical analysis firm.
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