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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts. -- Ignore unavailable to you. Want to Upgrade?

To: gemx who wrote (2260)	2/15/2007 10:37:24 PM
From: da_cheif™	Read Replies (1) \| Respond to of 2290

the ultimate short snort I've been looking hard for something, anything, the super bull might short. Is this it? Read on below about the new Elliott Wave ETF: Elliot Wave In other news, XShares also inked an agreement with Elliott Wave International to develop ETFs based on the Elliott Wave Principal of technical analysis. For classic indexers, this may be the ultimate apostasy. Elliott Wave Principal is a technical analysis strategy based on the work of Ralph Nelson Elliott, who developed the approach in the 1930s. The underlying idea is that investor sentiment sways back and forth from optimism and pessimism – not a controversial idea. From there, however, things get more … interesting. Elliott believed that these movements were cyclical, reflecting an innate, biological rhythm. Further, he believed they could be predicted and traded on using numerical strategies drawn out of Fibonacci sequences, fractals and other numerological oddities. Elliott Wavers talk frankly about 5-3 movements, grand supercycles, and main and minor waves, and they use the principals to time the market. To the uninitiated, it sounds like mumbo-jumbo. Nonetheless, Elliott Wave Theory is the absolute gospel to market technicians; it is probably one of the two or three most popular technical analysis strategies in the world, and it has serious (and smart) proponents drawing very large paychecks at every investment bank from New York to Hong Kong. The best part about any ETF created out this partnership, of course, is that it will put the theory to the test. Will Elliott Wave Theory hold up under the harsh light of real-time results? We may soon find out.