Financial Market Forecasts - Runaway BULL?

By: Joseph_Russo

Coming off a highly erratic two-week period, with certain indices revisiting old territory, and others moving into uncharted waters, one must conclude that the financial sphere is obviously a bit insecure here.

Is a runaway bull upon us, or is this a last thrash of erratic house cleaning by the shopkeepers? In due course, we shall know whether this bull has legs, or if it is a mere fish-out-of-water – in the throws of its last rally spasms toward sheer exhaustion.

Such volatile behavior also begs the question; how is it remotely possible that markets “are always right” when they display day-to-day behavior that clearly suggests they are flat-out wrong, outright deceptive, or at best - largely confused as to their general intent, direction, and metrics of valuation?

Speaking of revisiting old-territory, after spending the past eight-years in previously uncharted territory, (the Gold Coast of southern California) Elliott Wave Technology will be moving operations across-country, back to its territory of origin – New England – home of the hedge funds.

Just beyond the borders of NYC, some 45-minutes from Wall Street, and about 15-minutes from the Greenwich , CT estate of the infamous Paul Tudor Jones, we will be setting up shop over the Labor Day Holiday .

Traversing freely between America 's wealthiest coasts is a distinct privilege, and in this case, one of duty and honor to family. Typical of baby-boomer demographics, circumstance has arrived in which a remaining parent (Happy Fathers Day Pop!) requires honorable attention and dutiful presence.

During transition, our regular service publications will continue unabated. Further, we shall make every effort to continue providing general readers with condensed versions of our regular market commentaries until we are settled.

The June 10, Volume 3 , of our Index Traders Edge included the regular feature in which we highlight specific forecasting results and trading points extracted from our Near Term Outlook publication . We will temporarily omit this segment due to the time constraints surrounding our imminent transition.

Rest assured however, that across all time frames, our methodologies continue to perform brilliantly! We shall resume inclusion of this feature highlight just as soon as time permits.

That said – let's see how the major indices faired last week, and what might be in store for the week ahead.

Concise, impartial market guidance, present throughout our publications, provide clear targets, triggers, and variant parameters from which active traders can successfully evaluate, construct, and manage low-risk trading strategies. The short and long-term rewards in adopting such guidance as part of one's trading arsenal are quite substantial.

Rigors and discipline employed in procuring the analysis is void of mysticism, idle chatter, and all other varying forms of market-magic formulas. Our methodology is fully transparent, and clearly translated, providing a lifelong benefit of advanced trading skills to each of our clients.

Trade Better / Invest Smarter...

By Joseph Russo
Chief Editor and Technical Analyst
Elliott Wave Technology

Copyright © 2007 Elliott Wave Technology. All Rights Reserved.
Joseph Russo, presently the Publisher and Chief Market analyst for Elliott Wave Technology, has been studying Elliott Wave Theory, and the Technical Analysis of Financial Markets since 1991 and currently maintains active member status in the "Market Technicians Association." Joe continues to expand his body of knowledge through the MTA's accredited CMT program.

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