07/16/10 - Making Sense of Choppy Markets
In less than three months, and not even counting the past few days, the Dow has had six big swings averaging more than 1,000 points each — one of them occurred in a single day. All together, like a cross-country caravan, the Dow traversed more than 7,000 points within a 1,600-point range. And you thought the ocean was choppy!
In trademark fashion, the media blamed the bad days on everything from the Gulf oil spill to Greek debt to a "fat-finger" trader glitch to a double-dip recession to lackluster earnings. And they credited the good days to the same list of items "not looking as bad"!
On the other hand, a small group of investors were prepared for this very environment. They positioned themselves for safety and insulated themselves from risk.
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Prechter's firm, Elliott Wave International, has put together a short — albeit very powerful — summary of his latest market analysis and forecasts. If you're looking for a new brand of independent, unbiased market insight, access Bob Prechter's FREE report now.
