{"id":7335,"date":"2010-03-05T09:26:19","date_gmt":"2010-03-05T14:26:19","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7335"},"modified":"2010-03-05T09:26:19","modified_gmt":"2010-03-05T14:26:19","slug":"wave-principle-crash-course-theres-no-going-back","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/05\/wave-principle-crash-course-theres-no-going-back\/","title":{"rendered":"Wave Principle Crash Course: There&#8217;s No Going Back"},"content":{"rendered":"<h3><span>Free video tutorial available to all Club EWI members<\/span> <span style=\"font-size: small;\"><br \/>\n<\/span><\/h3>\n<h3><span style=\"font-size: small;\">By Nico Isaac<\/span><\/h3>\n<p>For  over ten <em><strong>decades<\/strong><\/em>, the mainstream financial world has embraced the view that external news events drive trend changes in the markets. In less than ten <em><strong>minutes<\/strong><\/em>, EWI&#8217;s senior tutorial instructor  Wayne Gorman shatters that very idea into a fine dust, swept away into thin  air.<\/p>\n<p>In  part one of his exclusive,\u00a0three-part Club EWI video series <strong><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa77&amp;dy=aa030410&amp;url=\/club\/Elliott-Wave-Video-Crash-Course\/default.aspx?code=41128%26articleid=1300\">&#8220;Why  Use The Wave Principle,&#8221;<\/a><\/strong> Wayne first assesses the pitfalls of relying  on macroeconomic models to forecast; namely: <em>&#8220;An investor is lured into the market at just the worst time, when it&#8217;s time to sell, and forced out just at the best time to buy.&#8221; <\/em><\/p>\n<p>As for real world examples of this happening, Wayne spans three hundred years of financial history to reveal how the most pivotal economic, political, and environmental events failed to alter the course of their respective markets. Here, the free video includes groundbreaking charts on these (and more) well known episodes:<\/p>\n<ul type=\"square\">\n<li>The <span style=\"text-decoration: underline;\">S&amp;P 500 and       Enron<\/span> from 2000-2002: The stock market ROSE and continued to proceed upward AFTER the largest US corporate scandal and bankruptcy ever (at the time).<\/li>\n<li>The <span style=\"text-decoration: underline;\">Dow Industrials       and GDP<\/span> quarterly data from 1970 to early 2000s: After the release of major negative GDP numbers, the market for the most part ROSE, just the opposite of what most market analysts and investors expect.<\/li>\n<li>The <span style=\"text-decoration: underline;\">Dow and profound       political events<\/span> over the last 80 years: In the 1930s and 1940s, a series of negative incidents &#8212; i.e. Hitler rising to power, World War II, and the Holocaust &#8212; preceded a powerful uptrend in stocks all the way into the 1960s.<\/li>\n<li>Stock market charts of       the five countries most affected by the <span style=\"text-decoration: underline;\">2004 Indian Ocean Tsunami<\/span> (India, Indonesia, Malaysia, Sri Lanka, and Thailand). Four out of the       five ROSE after the natural disaster&#8230;<\/li>\n<\/ul>\n<p>Believe  it or not, we&#8217;ve only scratched the surface. In his myth-busting, free video <strong><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa77&amp;dy=aa030410&amp;url=\/club\/Elliott-Wave-Video-Crash-Course\/default.aspx?code=41128%26articleid=1300\">&#8220;Why  Use the Wave Principle,&#8221;<\/a><\/strong> Wayne Gorman presents a total of <strong>40 charts<\/strong> that capture failed fundamental analysis of the world&#8217;s leading financial markets. Wayne recalls this expression from a famous, Nobel Prize winning economist:<\/p>\n<p><em>&#8220;Economic reasoning will be of no  value in cases of uncertainty.&#8221;<\/em><\/p>\n<p>And  he offers this response:<\/p>\n<p><em>&#8220;But isn&#8217;t that what we have in financial markets: cases of uncertainty? We need a different type of reasoning, one that will help us to avoid the pitfalls shown on the previous charts. That&#8217;s why the <\/em><strong><em>Wave Principle<\/em><\/strong><em> is so important. It offers a unique perspective and a market discipline of rules and guidelines that help investors avoid buying at tops and liquidating at bottoms. It helps to explain and understand trends before they happen.&#8221; <\/em><\/p>\n<p>The flaw in Economic 101, cause-and-effect theory is one of the easiest things to prove. But it&#8217;s also one of the hardest things for many investors to accept. Now is the time to do so. Watch the free<strong> <a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa77&amp;dy=aa030410&amp;url=\/club\/Elliott-Wave-Video-Crash-Course\/default.aspx?code=41128%26articleid=1300\">&#8220;Why  Use the Wave Principle&#8221;<\/a><\/strong> video in its entirety today at absolutely no cost. Simply sign on to join the rapidly expanding Club EWI and take advantage of the amazing educational benefits membership has to offer.<\/p>\n<hr size=\"1\" \/><strong><em>Nico  Isaac<\/em><\/strong><em> writes for Elliott Wave International,  a market forecasting and technical analysis firm.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Nico Isaac &#8211; For over ten decades, the mainstream financial world has embraced the view that external news events drive trend changes in the markets&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7335","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=7335"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7335\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}