Elliott waves don’t merely reflect prices plotted over time. Each wave has its own “personality.” Listen to this video by EWI’s Wayne Gorman to learn more about the psychology behind the waves and how it affects your investment decisions.
On April 10th S&P500 made a low of 1357.38 and then tested it again on April 23rd by making a low of 1358.79. Later in early May, the index broke this support level. After making a low of 1266.74 on June 4th, the index bounced back and by Tuesday, June 19th, it was trying to…
Here is what I am reading: A Functional Congress Wouldn’t Have to Depend on Bernanke (Bloomberg) Big Ben speaks and glamour stocks yawn (MarketWatch) Economists Find Evidence for Famous Hypothesis of Comparative Advantage (Economist’s View) Europe in 1931 (Econ Browser) The Rocky Balboa recovery (Vox) The Eurozone’s May 2010 Strategy Is a Disaster: Time to Pay…
China was one of the major engine for the global growth after the 2008 crisis. When Chinese economy stumbled in 2008, she responded with a stimulus package which also lifted other economies. Now Chinese economy is slowing down too with signs that current manufacturing slump may match that of 2008 crisis. China’s manufacturing may shrink…