Robert Prechters Stocks Bear Market Latest Updates
Stock-Markets / Stocks Bear Market Nov 09, 2009 - 06:59 AM 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.
Prechter does of course provide a detailed answer in his current Elliott Wave Theorist. The latest Elliott Wave Financial Forecast expands on that answer. You can read both award-winning monthly market letters right now for free!
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.
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