{"id":9386,"date":"2010-05-12T18:26:48","date_gmt":"2010-05-12T22:26:48","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9386"},"modified":"2010-05-12T18:26:48","modified_gmt":"2010-05-12T22:26:48","slug":"prechter-describes-the-stunning-long-term-elliott-wave-picture","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/12\/prechter-describes-the-stunning-long-term-elliott-wave-picture\/","title":{"rendered":"Prechter Describes The “Stunning Long-Term Elliott Wave Picture”"},"content":{"rendered":"

By Robert Folsom, Elliott Wave International <\/span><\/h3>\n

Please join me to consider a time in the stock market that lasted just under three years: 32 months, to be precise.<\/p>\n

During this period a series of powerful rallies stand out clearly on a price chart. The shortest of these rallies was four weeks, the longest more than five months.<\/p>\n

I can even list seven of these rally episodes, with the number of calendar days and percentage gains.<\/p>\n

1. \u00a0152 days\u00a0\u00a0\u00a0\u00a0 +52%
\n2. \u00a028 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +11%
\n3. \u00a077 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +19%
\n4. \u00a069 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +27%
\n5. \u00a031 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +30%
\n6. \u00a035 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +39%
\n7. \u00a028 days\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +27%<\/p><\/blockquote>\n

Get Robert Prechter’s Latest Analysis — Click Here to Download His 10-Page Market Letter FREE<\/a><\/strong>
\nFor a limited-time, you can download Robert Prechter’s April 2010 Elliott Wave Theorist, the first in a two-part series entitled “Deadly Bearish Big Picture,” for FREE! Click here to learn more and download your free Theorist.<\/a><\/strong><\/p>\n

This information obviously seems to paint a bullish picture: The stock market was in double-digit rally mode during 43% of the total calendar days in question.<\/p>\n

But in fact, those rallies were the days when the bear was catching his breath. The market was the Dow Jones Industrials; the overall period was from November 1929 to July 1932. It devastated investors. The Dow lost 80%<\/strong><\/em> of its value. Yes, that includes the rallies listed above.<\/p>\n

I said that these rallies stand out on a price chart, and indeed they do — it’s just that the declines stand out even more. There’s virtually no “sideways” action. Prices moved rapidly in one direction or the other.<\/p>\n

You can see the chart for yourself in the first issue (April issue, page 4) of the two-part series Bob Prechter has published in The Elliott Wave Theorist<\/em>. Part One was in April, “A Deadly Bearish Big Picture.” The final sentence of that issue said Part Two “will update the stunning long-term Elliott wave picture.”<\/p>\n

Bob just published Part Two. It completes the “Big Picture” he has now delivered to subscribers.<\/p>\n

The past doesn’t “define” the present or the future, but it sure does provide context. No analyst alive today understands this better than Bob Prechter.<\/p>\n

Believe me when I say that the charts and analysis in this two-issue series are unique. The word “stunning” only begins to describe what you’ll read.<\/p>\n

Get Robert Prechter’s Latest Analysis — Click Here to Download His 10-Page Market Letter FREE<\/a><\/strong>
\nFor a limited-time, you can download Robert Prechter’s April 2010 Elliott Wave Theorist, the first in a two-part series entitled “Deadly Bearish Big Picture,” for FREE! Click here to learn more and download your free Theorist.<\/a><\/strong><\/p>\n

\n

This article was syndicated by Elliott Wave International. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts lead by Chartered Market Technician Robert Prechter<\/a> provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Robert Folsom – Please join me to consider a time in the stock market that lasted just under three years: 32 months, to be precise. During this period a series of powerful rallies stand out clearly…<\/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-9386","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9386","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=9386"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9386\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}