Still waiting for the CRASH?

As I mentioned yeeeeaaaarrrrs agooooooo

I think you’re in for a very long wait.

The markets did within reason what I was expecting from as far back as 2012/13 – 4-5 years ago!

I think this is do or die for the Elliott Wave Method – again as mentioned on here back in 2012 or 2013 – they do not have any option but a massive crash – it’s already over extended (1st spouted waaaaay back in 1986 – yes 1986) then repeated in 2000, 2007 and most recently ALL the way from the 2009 bottom.

It Is NOT going to happen

Gann WAS AWARE of Ralph.N. Elliott and his method as they were around at the same time – but Gann never mentions it, I’m working on a method that is more advanced than Elliott Wave Principle – Gann knew that the market puts in more “waves” than 5 up and 3 down = 8 (there’s an extra few more waves) as I’ve NEVER been happy with Elliott Wave Theory in its current form.

Anyway, ALWAYS trade in the direction of the market and as you can SEE from the chart below since 2009 which way has the big thick arrow been pointing?

30

At some point in time there WILL be a decent correction of significance – 15%, 20%, 25% etc and AS the growth of the market is greater than years gone by then so will any correction – A 30% correction @ 5,000 will have bigger looking swings than those 30% corrections @ 1000 – yet the % drops are likely to be similar.

Good luck

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Think you understand Central Banks & QE?

I cannot tell you just how much useful and valuable free reports EWI have for you to rumage through, download and keep for FREE, all that is required is a free email sign-up and you can access knowledge and market experience that an economist could only dream of.

Below I have listed 3 free snippets of reports – there’s a lot more detail in the reports and If you study them you will have more knowledge of Central banks actions and capabilities than most economists.

They issue is knowledge – In todays world there is far too much crap in print and online when all you really want are cold hard facts.

Enjoy

Understanding the Fed EWI’s free eBook explains the common and misleading myths about the U.S. Federal Reserve Bank April 20, 2011

By Elliott Wave International

What exactly is the function of the Fed? If it’s to help the U.S. economy grow steadily, then how come in 2007-2009 we had the biggest stock market crash in decades followed by “the Great Recession” and a worldwide financial crisis?

For answers, let’s turn to someone who has spent a considerable amount of time studying the Fed and its functions: EWI’s president Robert Prechter.

This is an excerpt from a free Club EWI eBook, “Understanding the Fed.” Enjoy — and for details on how to read this important 32-page eBook in full, free, look below.


The Fed’s Presumed Inflation Since 2008 Is Mostly a Mirage
Excerpted from Prechter’s December 2009 Elliott Wave Theorist

… We all know that the Fed created $1.4 trillion new dollars in 2008. It has told the world that it will inflate to save the monetary system. So that is the news that most people hear.

But the Fed’s dramatic money creation in 2008 only seems to force inflation because people focus on only one side of the Fed’s action. Even though the Fed created a lot of new money, it did not affect the total amount of money-plus-credit one bit… When the Fed buys a Treasury bond, net inflation occurs, because it simply monetizes the government’s brand-new IOU. But in 2008, in order for the Fed to add $1.4 trillion new dollars to the monetary system, it removed exactly the same value of IOU-dollars from the market. It has since retired some of this money, leaving a net of about $1.3 trillion.

So investors, who previously held $1.3t. worth of IOUs for dollars, now hold $1.3t. worth of dollars. They are no longer debt investors but money holders. The net change in the money-plus-credit supply is zero. The Fed simply retired (temporarily, it hopes) a certain amount of debt and replaced it with money.

Evidence for this case is in Figure 4. Even though the Fed has swapped over a trillion dollars of new money for old debt, the banks aren’t lending it. The money multiplier is back in negative territory, which means that there is more debt being retired than there is new money being created. In other words, deflation is winning.

The Fed's new money is simply replacing old debt, not creating new debt

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