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Welcome to the World Stock Markets
Outlook!
Thank
you for choosing The World Stock Markets Outlook. We take
great pride in helping our readers stay on top of the twists and
turns in the global equity markets. Let us explain what this product
— and the Elliott Wave Principle — can do for you.
Our goal is
to help make your day profitable by revealing the probable price
direction in each market. The World Stock Markets Outlook's
[DAILY], [WEEKLY] and [MONTHLY]
comments and [INTRADAY] updates paint a picture
of where the major markets are likely to go, reveal how confident
the current evidence allows us to be in that timeframe and define
the price points that will strengthen or negate our forecast.
On the individual
pages for each equity market, we use charts, and commentary in plain
English, to convey what the developing pattern implies and what
price path is most likely in the various time frames. The short-term
charts and commentary will be updated every day, while the longer-term
charts will be refreshed as needed, i.e. to adjust the wave count
or illustrate big moves.
The [INTRADAY]
page updates our views on the major equity indexes --as and when
market action dictates--throughout the trading day.
Elliott forecasting
is in essence a weighing of probabilities, and you should know how
much confidence a particular situation allows. Accordingly, we offer
a [Confidence Level] for the forecast price movement based on a
simple model which looks at how well the wave count is unfolding
and to what degree it is in 'sync' with momentum studies and trend
analysis. If the wave count, momentum and trend studies are all
yielding the same directional message, then the Confidence Level
will be High. As inconsistencies start cropping up within the model,
a resulting diminution in the Confidence Level will be seen. You
can also gauge our degree of confidence from the tone of the language
used. For example, if we say something "will" happen,
it displays an extraordinarily high degree of conviction, i.e. 75%+
probable. Most of the time the balance of the evidence allows us
to say something "will likely" happen, implying the event
to be 60-70% probable. If we say "the odds slightly favor"
a particular outcome, this softer tone describes a situation that
falls closer to the neutral category, i.e. 55% probable. When we
cannot make a useful forecast, we say so.
The listed [Support]
and [Resistance] levels are derived from the wave
structure, Fibonacci projections and retracements, and previous
low volume price zones, i.e. inflection points. You will be amazed
at how reliably and precisely a market will pay its respects to
strong clusters of targets.
We include our
email addresses in case you have specific questions regarding a
particular forecast or need clarification on any point related to
our work.
Thanks again
for choosing The World Stock Market Outlook.
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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