Wednesday, March 16, 2011

Elliott Wave Theorist, FREE until Mar-21

In response to the dramatic selloff in recent days, Elliott Wave International has released a free issue of Robert Prechter's Elliott Wave Theorist. EWI says:

"It includes more of Robert Prechter's experience than you’ll ever read in a single issue -- all 30-plus years of it. What matters is that he uses his experience at a moment when it can do the most good, namely when investors are most vulnerable. This is a unique opportunity for you to see what Prechter’s subscribers see. Don't miss out! This free issue is only available through March 21."

Click here for download page.

Tuesday, March 15, 2011

Shanghai Composite: Breakout Fails

Refer to last post on SSEC. A breakout above 2950, implied a target of 3180 after a brief back-test. However, the back-test failed (perhaps in sympathy with the extraordinary & unfortunate situation unleashed by mother nature in neighbouring Japan), and the short-term outlook is back to neutral. Supports are at 2850, then 2800. A break back above 2950 on good volume will give strength the bullish case.