A FREE NEWS LETTER FROM : ELLIOTWAVE-INTERNATIONAL -USA

RALPH NELSON ELLIOTT...A GENIOUS PERSON...HE WAS , WHO PRESENTED THE FAMOUS AND MYSTERIOUS ELiLOTT WAVE THEORY TO THE WORLD. WAY BACK IN 1995, WHEN I GOT A FEW VERY VERY INTERESTING BOOKS FROM ELLIOTT WAVE INTERNATIONAL , THROUGH MY FRIEND IN USA.(I STILL HAVE THE COURIER COVER)..I JUST FELT IN LOVE WITH THE THEORY AND MORE IMPORTANTLY WITH THE SUBJECT ,TECHNICAL ANALYSIS.THE INTEREST AND THE CURIOCITY, AND THE EXCITEMENT THAT ,THOSE BOOKS CREATED IN MY INNER SELF, PROVED TO BE IMMENSLY MOTIVATING FACTOR FOR ME TO STICK TO THE SUBJECT,,AND TO GO DEEPER AND DEEPER INTO THE COMPLEXITY OF THE SUBJECT, AND TO BE ALWAYS INNOVATIVE AND FLEXIBLE. YESTERDAY, I RECEIVED AN E-MAIL FROM ELLIOTTWAVE INTERNATIONAL,,WHICH CLAIMS THAT MR. ROBERT PRECHTER--(the founder of the elloittwave international,and the MASTER of the theory)..has predicted the great crash from late 2007,,,than the recovery from march-2009,, and the latest fall from 23rd april. FINE,,JUST A REQUEST TO MY READERS... JUST , go through my past articles (jan-2008,,oct-2008,,nove -2008, march 2009,april 7-17-2010),,without the great elliott wave theory, i have predicted all BIG moves, a little bit in advance, to most of others................ jai sainath. the mail from elliott wave international ,is republished, here. Friday, May 21, 2010
Greetings Bhavesh,
I often write to say that "news" and news "events" do not drive stock market trends. And I usually make that point at a time like this: stock indexes are down 10% in the past three weeks, and the media is brimming with "reasons" why (Greece, unemployment, financial reform, etc.). Yet this email to you will be different -- I'd like to briefly discuss what does drive stock market trends. Put simply, the "trend" reflects the collective mood of market participants. A positive mood sends prices up, a negative mood sends them down. That is why it's crucial to recognize the dominant (or long-term) mood, since THAT is what drives the trend on a scale usually measured in years. It's equally important to identify a major turn in the trend -- such as the stock market reversal in October 2007. Once you know the direction of the dominant trend, "countertrend" moves become the major challenge. These are more near term. Bob Prechter identified the Oct. 2007 peak for what it was, buthe also anticipated the start of the countertrend rally in March 2009. Instead of rear-view-mirror descriptions, he provided authentic forecasts to subscribers. More recently, we've warned subscribers that sentiment had reached feverish extremes: stock market prices reflected too much optimism backed by too little evidence. Once again, Bob Prechter's Elliott Wave Theorist spelled it out via his two-issue series, "A Deadly Bearish Big Picture." And just one trading session before the April 26 high, here's what The Short Term Update said to subscribers: " ... it is not a low-risk environment to own the market. On the contrary; the market is presenting investors with a great opportunity to take whatever one has recovered in their portfolios from the 2007-2009 crash, and cash out to safety." (4/23/2010) A few days later -- after considering the probabilities in the market's Elliott wave pattern -- The Short Term Update said: "Stocks should fall further. Today's ... decline indicates that the bears control the market's near-term trend ..." (4/30/2010) This commentary puts the 10% decline in context. The Short Term Update's various charts and other technical indicators offered the even deeper context for subscribers. This forecast did NOT include any of the "reasons" which showed up in subsequent media reports. The countertrend rally had been unfolding for months, and our analysis of that rally was based on what we saw in the Elliott wave pattern. You can see that pattern for yourself within minutes. Follow this link to get started. Regards, Robert Folsom Elliott Wave International To inquire about this email by phone, please call EWI Customer Service at 800-336-1618 (U.S. & Canada) or 770-536-0309 (Internationally) and mention code: FFS99-EMC