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Archive for May, 2009

Which direction are we heading?

The markets have come up from their March lows but there is still a wild ride ahead. Depending on who you believe, we’ve either moved through this recession and have “turned the corner” into a new bull market run or we’ve just experienced a larger than expected bear market rally that should crash down by the end of 2009.

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Elliot Wave Theory

The Elliot Wave Theory was discovered by Ralph Nelson Elliott back in the 1920s. The theory is based on identifiable and reptitive market movement in the stock market (“waves”) similar to the ranges identified by Fibonacci Retracements.

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