COMMODITY VIEW . Oil Rally Begins. Elliott Wave theory, originally produced by R. N. Elliott in the early 1900s, and now carried forward by Bob Prechter, past #1 market guru, basically says Elliott waves or complete market movements come in threes. Well, to more accurate, Elliott says movements really...
UPDATE ON THE STOCK MARKET . Written Wednesday, July 30th, 2008: 6:30 am EST. Another ‘ fl as hy - sp la sh y ’ rally yesterday So typical of bear markets, especially those with much further in time and points to go. Grizzly bear markets thrive on investors’ hope and adamant investor...
UPDATE ON THE STOCK MARKET . Written Friday, May 23rd, 2008: 6:30 a.m. Stocks normally bounce after two or three days of sharp declines. And the size and cope of a bounce is telling. So yesterday’s “bounce” proved disappointing. For perspective, take the Dow Industrials . The Dow rose...