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[ Welcome
to the Global Energy Outlook ]
"Not
everything that can be counted counts,
and not everything that counts can be counted."
~Albert Einstein (1879-1955)
Welcome to Elliott Wave International's Global Energy Outlook. As
chief energy analyst, I am responsible for formulating and publishing
our energy market forecasts based on the Elliott Wave principle.
While each client applies our technical analysis and market view
to suit his/her individual needs, I see our service as a tool to
bolster your own market analysis so that you can make the very best
trading or hedging decisions you possibly can.
Our analytical process begins with a comprehensive historical study
of the individual markets. The goal is to prioritize and rank all
the possible wave structure interpretations and select the most
probable one as the basis of our market view, referred to as the
"preferred" count. The remaining wave structure interpretations
are the "alternate" counts. As with the preferred count,
if we see a strong alternate count, we will point it out and discuss
why it is a valid interpretation, its potential implications, and
the point where it is likely to become the preferred count. Throughout
the daily trading session, we'll monitor the market's structural
development, and factor this into the analysis. At the end of the
day, we'll update our analysis and post it to the web site. We'll
also post a number of intraday comments and charts to the "Intraday"
page, focusing the analysis and commentary on near-term structural
developments and the implications (if any) to the longer-term preferred
count.
It is important to remember that Elliott Wave analysis does not
provide certainty about any one market outcome; rather, it's an
objective means of assessing the relative probabilities of possible
future market outcomes. If you are not familiar with Elliott Wave
analysis, I'd encourage you to spend some time learning the principles
and reinforce your understanding by explaining them to a novice.
A link to Elliott Wave educational material is located in the upper
right hand corner of each web page.
We appreciate your continued loyalty and recognize that without
you, we wouldn't exist. With that in mind, I'd like to extend an
open invitation for you to call or send me an email and tell me
what you like or dislike about any aspect of our service, or mention
any analysis or information you would like to see added. I'd also
like to hear from you if you want to discuss the markets in general
or need further clarification of our analysis or commentary. Your
feedback and input will be greatly appreciated and will help make
our service a better resource for everyone.
Steve Craig
Chief Energy Analyst
Email:
Steve Craig
Note:
At Elliott Wave International, we pride ourselves on independent
and objective analysis. These values extend throughout our analytical
department, so there is not "house wave count" that each
analyst must be in line with. Our analysts are free to interpret
and forecast markets based upon their personal experience and skill,
using the Wave Principle and supporting technical analysis.
That means on
occasion, two EWI analysts may arrive at different conclusions for
the same market. Usually an apparent conflict turns out to be simply
a matter of analysts addressing a different time frame. Yet
there are times when two analysts do differ sharply in their interpretation
of a pattern. Such differences are usually resolved in the short
run as continuing market action makes clear which of the interpretations
is actually unfolding; some resolve more slowly.
We treasure
the complete independence and objectivity of our analysis. Thought-provoking
research is what EWI is all about. Every day, we strive to meet
the exceptional high standards of analysis set forth by Bob Prechter
when he started our firm in 1979.
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