Free Access to Robert Prechter's Current Elliot Wave Theorist and Financial Forecast Reports
Stock-Markets / Forecasts & Technical Analysis Nov 06, 2009 - 05:35 PM GMTBy: EWI
It has been an exciting week in the markets. And FreeWeek attendees have been enjoying the ride.
FreeWeek Update: Elliott Wave International's publications have alerted subscribers -- and FreeWeek attendees -- that volume and breadth readings have been contracting throughout the multi-month rally, which signals a critical juncture ahead.
EWI Chief Market Analyst Steve Hochberg wrote in his Wednesday Short Term Update, "(On Tuesday), the VIX closed back within two standard deviations of its 20-period moving average, which for the past seven months, has resulted in a near-term rally."
On Wednesday, stocks closed up;
Thursday saw a huge rally.
On Friday morning, the Dow regained the 10,000 level. But the Update reports that the "next leg … is fast approaching."
There's still time to get complete access to EWI's latest monthly reports and the Monday, Wednesday, Friday Short Term Update. A brand-new Update is online now.
Read it for free when you join FreeWeek.
You can also download more than 8 of EWI's monthly reports and read this week's issues of Short Term Update. It's all yours for free only during FreeWeek.
Learn more about FreeWeek, and download your free reports here.
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