In times of uncertainty -- when emotions run high and no one knows what will happen next -- the mainstream financial community is usually gripped by confusion and panic.
And yet it's precisely at these sorts of "flash crash" moments that Elliott wave analysis shines, as wave patterns in price charts become clear. Why?
Because wave patterns reflect two basic emotions of the market participants: fear and greed. The more emotional they become, the easier your job gets as an Elliott wave forecaster.
- It Doesn’t Get Any More Exciting Than This for Elliotticians, when they see one particular wave pattern in market charts. And right now, this pattern is flashing in stock markets across the European continent. You'll understand what we mean when you see our Elliott wave-labeled charts of the FTSE-100 and DAX.
- Market Psychology: Last month, The European Financial Forecast wrote that the lopsidedly bearish sentiment at the time argued for stocks to rally. That bullish call paid off as the rally indeed developed. Find out where Daily Sentiment Index of DAX futures traders is today, and what its reading suggests for the trend in Europe's stocks from here.
- 14 EU Crisis Summits in 21 Months. How many summits does it take to stop the crisis? Well, remember how in May 2010 the EU created the European Financial Stability Facility to “permanently” fix the eurozone? Get our analysis of what happened then -- and what likely will be result of the EU government's current-day efforts.
- "Markets Hate Uncertainty?" Ha! Europe rallied over the past two months -- as the EU situation was becoming more uncertain, not less. Would you have guessed that stocks could jump 30% amidst such uncertainty? The November issue explains this paradox.
- Also: European IPOs, UK unemployment, plus our take on the “The utopian dream of a United States of Europe."
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