Free Elliottwave Theorist Today a Deadly Bearish Big Picture

Elliottwave.com nailed this market turn once again, just as they called the March 2009 lows.  They are on top the current market movements and use Elliott wave theory as a market roadmap. Headlines are usually about what happened already, but Prechter’s headline is about what happens next. It goes beyond providing information. Yes, he wants … Read more

The Most Powerful Cycle Model Ever Created

In case you do not know about it yet, I would like to tell you about what I believe to be the most powerful cycle model ever created.  I did not create it.  It was created by a man named Marty Armstrong who headed the former Princeton Economics Institute which was an institutional advisory and money management firm.  PEI as it was known has since been shut down by the United States government for reasons I can’t speak to because I don’t know the details or facts about them.  But I will say that it is a crying shame that their business and knowledge was shut down because it was in my opinion some of the most valuable and important financial knowledge ever devised.

The former website itself used to have unbelievable amounts of historical research on money and financial panics going back hundreds and even thousands of years.  The only reason I know about it is through a radio program that used to play in California and was hosted by Buzz Schwartz, a trader and radio host.  He used to have Marty on as a guest and I listened to their interviews and his advice on markets.  I also got a few of Marty’s monthly ‘Capital Market Review’ publications and that is how I am able to tell you about his cycle model.

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StockTwits is a Great App for Traders

stocktwits

In case you do not know about it yet, you should really check out Stocktwits.  It is a great app for traders and connected to the twitter platform.

The reason why it is great is because it can be a good source of new trading ideas.  Basically all you have to do is go to the main site and watch new posts as they scroll down occasionally and automatically.  When you put your mouse pointer over the stock symbols at the end of each post a nice candlestick chart immediately pops up so you can judge instantly whether something interesting is going on or not. 

The nice thing about stocktwits is that you are looking at stocks that are the result of someone else’s analysis.  So there was some judgment involved in putting it there in the first place.  The caveat is that we have no idea how much experience or skill the person has who posted the symbol or chart and we have no clue whether they are more technical type traders or fundamental type traders.  Regardless, it can be a possible source of new trading ideas when either your scans are coming up dry or you cannot find good setups elsewhere.

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