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.

Learn more about FreeWeek, and download your free reports here.

About the Publisher, Elliott Wave International

Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International

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