Median Line Study

Free 42-Page eBook “How You Can Identify Turning Points Using Fibonacci”

 Hurry! This FREE offer expires Nov. 30, 2009

Download link: http://bit.ly/51mmZ5

Discover a whole new way to analyze charts and spot high-confidence trade setups using Fibonacci. EWI Senior Tutorial Instructor Wayne Gorman has taught thousands of traders these valuable methods, and now it’s your turn. Better yet, this $79 value eBook is yours to download for FREE (but only until Nov 30). In 40 chart-filled pages, How You Can Identify Turning Points Using Fibonacci takes the complexity out of combining wave analysis with Fibonacci relationships. The result? You’ll learn actionable techniques that you can apply to your trading right away. You’ll be equipped to spot trading opportunities in your charts like never before! Here’s what you’ll learn:

•How the “Golden Ratio” can help you tap into “golden trading opportunities”

•The most important Fibonacci relationships to watch for

•How Fibonacci relationships can help add confidence to your trading

•How Fibonacci ratios and numbers relate to the overall wave structure

•How to project valuable time and price targets using Fibonacci “dividers”

•How to use Fibonacci time periods to anticipate trend reversals

Download link: http://bit.ly/51mmZ5

Free Median Line charts posted for 11/22/09 including the EUR/USD 60 minute charts and 240 minute gold chart:

www.medianlinestudy.com/free-charts.html

Free Median Line charts have been posted for 11/15/09 featuring GBP/USD and oil:

http://www.medianlinestudy.com/free-charts.html

Regards,

Greg Fisher

The following article is provided courtesy of Elliott Wave International (EWI). For more insights that challenge conventional financial wisdom, download EWI’s free 118-page Independent Investor ebook:  http://bit.ly/2upZDo

Large banks and more recently pension funds have suddenly become infatuated with gold.  They chant the mantras that gold bugs have known for years: gold is a store of value; owning gold is financial insurance; an ounce of gold will always buy a good suit.  The idea is that if the economy continues to weaken and share prices decline, a strategic allocation of the precious metal will hedge and offset some of the losses in the financial sector.

On the surface it seems to make sense and it’s hard to argue with the logic.  Even so, logic can sometimes get twisted, whereas facts cannot.  The evidence is found in the chart we describe as “All the Same Market.” Gold, stocks, currencies (versus the dollar), oil, grains, meats, softs, all decline in a deflationary environment.  As liquidity dries up and credit contracts, people, businesses, and institutions sell everything to get dollars.  Cash is once again king.  This is bearish for gold.

Looked at another way:  as the dollar advances from its lows, things denominated in dollars lose value against the dollar.  As long as the dollar remains the global senior currency, assets will depreciate:  not just stocks and commodities but residential and commercial property, works of art, collectible cars, pretty much everything.  Of course, this outlook presumes a deflationary environment and that’s been our view for quite some time.  But that’s another conversation.  The topic here is stocks down/gold up – or not.

The long-time editor of the Elliott Wave Financial Forecast Short Term Update, Steven Hochberg summed it up succinctly in a recent issue:

“The other important aspect to a dollar bottom is the implication to all the other markets that have been moving opposite to this senior currency. The start of a major dollar rally should roughly coincide with a turn down in stocks, commodities, oil and the precious metals. So there are likely to be important trend reversals across nearly all major markets.”

Don’t fall into the trap of group-think.  If investing was that easy we’d all have (insert your own private fantasy).

The 118-page resource teaches investors to think independently by challenging conventional financial market assumptions.  Download EWI’s free 118-page Independent Investor ebook:  http://bit.ly/2upZDo