Making Sense of Today’s Choppy Market…With the Dow dropping 261 points today, I thought it was an excellent time to share this special report from Bob Prechter. Consider the past month: The Dow has seen multiple moves that span as much as 1,000 points across a few days, even within a single session – the index traversed more than 3,000 points within a 1,400-point range. Volatility is off the chart.
In less than three months, and not even counting the past few days, the Dow has had six big swings averaging more than 1,000 points each — one of them occurred in a single day. Altogether, like a cross-country caravan, the Dow traversed more than 7,000 points within a 1,600-point range. And you thought the ocean was choppy!
In trademark fashion, the media blamed the bad days on everything from the Gulf oil spill to Greek debt to a “fat-finger” trader glitch to a double-dip recession to lackluster earnings. And they credited the good days to the same list of items “not looking as bad”! On the other hand, a small group of investors were prepared for this very environment. They positioned themselves for safety and insulated themselves from risk.
You can now get up to speed with this group of independent-minded investors — for free — by reading the same unique brand of analysis they’re reading: Robert Prechter’s Elliott Wave Theorist.
Prechter’s firm, Elliott Wave International, has put together a short — albeit very powerful — summary of his latest market analysis and forecasts. If you’re looking for a new brand of independent, unbiased market insight, please take a moment to read Prechter’s special free report. Now, this FREE Report by Robert Prechter is very time sensitive as it references the market activity in the past few days only. So, you need to read it as soon as possible!