A Systematic Trader's Journal

The Versatility of The Wave Principle In this classic Elliott Wave International educational video, Chief Commodity Analyst Jeffrey Kennedy demonstrates the versatility of The Wave Principle by showing you how to identify high-probability trade set-ups at-a-glance, and in any market. Watch the video and then find out how to access Jeff's current high-probability commodity forecasts FREE during EWI's FreeWeek - but only until July 22. The Versatility of The Wave Principle Get the best daily commodity picks FREE, but only until July 22 !

Greetings, Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they've thrown open the doors to some of their most popular paid services to non-subscribers for one week only. You can access EWI’s intraday and end-of-day Forex forecasts  right now  through next Wednesday, May 20. This unique opportunity only lasts a short time, so don't delay! Learn more about EWI's FreeWeek here . This video features Elliott Wave International Senior Currency Analyst, Jim Martens, using Elliott wave analysis to forecast the U.S. dollar's near-term moves. Now through May 20, you can access all of Elliott Wave International's intraday and end-of-day Forex forecasts completely free.  Access EWI's FreeWeek . Get all of Jim Marten's intraday and end-of-day Forex forecasts FREE through May 20. Access EWI's FreeWeek .

April 23, 2009 By Mark Galasiewski The following is excerpted from Elliott Wave International’s Global Market Perspective. The full 120-page publication, which features forecasts for every major world market, is available free until April 30. Visit Elliott Wave International to download it free . Conventional wisdom says that central banks can influence or even direct financial markets and the macroeconomy. The very existence of Elliott waves challenges such assumptions. For if markets responded to every central bank directive, how could Elliott waves exist? Parallel trend channels, Fibonacci price relationships, the similarity of form between waves of different sizes and time periods—none of that would be possible. Central bank decisions would have to coincide perfectly with turning points in Elliott waves, and we know that just doesn’t happen. But even without using waves, we can expose the conventional wisdom for the fallacy that it is. Take, for example, this assertion in ...

Greetings friends, Long time no see.  Once each year or so, our friends at Elliott Wave International will offer free premium elliott wave access to their reports and analysis. So this is the time again. This time, they are offering the public more than 100 pages of free analysis and forecasts on  every major world market.   EWI is giving away one month of its most popular global analysis publication, a 120-page "little black book" of investment insights called Global Market Perspective, which includes EWI's three regional publications: The U.S. Elliott Wave Financial Forecast ($19/month value) The European Elliott Wave Financial Forecast ($29/month value) The Asian-Pacific Elliott Wave Financial Forecast ($31/month value) PLUS, the 120-page book includes analysis culled straight from EWI's professional-grade Specialty Services, each of which is valued at $199/month. This means you also get analysis and forecasts for the following global markets: World stock markets (...

Nice Asian styled comics    

AIG is today's biggest news, as they list which institutions were beneficiaries of the US bailout fund and their request to pay employees $165 million on bonuses and trading partners. Click here for details.  Additionally to AIG, here is a document that displays AIG's biggest counterparties on their CDS. A.I.G.'s Biggest Counterparties Publish at Scribd or explore others: Government Business & Legal american internation A.I.G.

This is the controversial video that Wall Street participants are discussing about. Be reminded, this is the first time a Fed Chairman accepts a personal TV interview while in office.  Enjoy.. 

Elliott Wave International, the world’s largest market forecasting firm, receives thousands of questions every year from web site visitors and subscribers on their free  Message Board . Here the company shares 6 of the recent critical questions on the financial crisis and 6 answers provided by their professional analysts. For more free questions and answers or to submit your own question, visit  Elliott Wave International’s Message Board . Q: Can increased government spending help stop the crisis? What do you think about the new mortgage bailout plan – or bailouts and proposals for additional government spending in general? The opinions on whether or not this will ultimately work seem so divided... Answer: In Ch. 13 of his Conquer the Crash, “Can the Fed Stop Deflation?”, Bob Prechter writes; quote: "Can the government spend our way out of deflation and depression? Governments sometimes employ aspects of' 'fiscal policy,' i.e., altering spending or taxing policies, to ...

Hi all, Just got this on Mr Marc Faber, Dr Doom, where he speaks on the power of printing money. Enjoy..

Interesting insights for the administration. He thinks President Obama is the correct person for the job. But probably has to be very careful with some use of words there, stating from his earlier interview. Just in case you are confused with the sequence of the videos posted, you check the sequence by looking at the time-stamp, on the lower left corner of the video player. It will look like . Enjoy the video..

Here are another 2 more videos:

Here is the next part:

Here is a short email Q&A that the legendary investor answered over TV.

Here is part 2 of this video:

Hi all, This is part 1 of Warren Buffet's interview. Given Warren Buffet who has been traditionally been a conservative and 'practical' investor, his views could be a good insight for many. Enjoy..

Here is another video where Jim Rogers talk about why he feels farming, agriculture, and China would be where he would want to put his money on.  Give me your views.

Hi all, The clip below is another video featuring Jim Rogers's views on the ECB and BOE rate decision. We continue to look out for interest rate changes in ECB and BOE in the next hour. ECB (released at 11am GMT) consensus 50bps, previous release, unchanged. BOE (released at 12:45am GMT) consensus is 50bps. US Jobs claims will be of focus after the rate announcements from out UK and European counterparts. For further details of today's announcement, scroll down to the bottom of the page view the economic calendar.  Enjoy the video..

Hi all, If you have been a loyal follower of Warren Buffet, I am sure the following report on Berkshire Hathaway's 2008 Annual Report would be of interest to you. Berkshire Hathaway's per share book value shrank 9.6%, which was the largest decline since 1965. The company which he owns the largest percentage portion of company ownership is The Washington Post Company, where he owns 18.4% of the company, which he invested US$11 million in it, and its current market value as of 31/12/08 was worth US$674 million. Largest investment cost to date, US$7 billion on ConocoPhillips where he owns 5.7% of it, and its current value as of 31/12/08 was worth US$4.39 billion. I love the way how Warren Buffet pans out his letter. He made an explanation on the way how an option worked and his argument towards the Black Scholes Formula. The 22- page letter is considered to be one of the best article I had read from him. To access the article, click here . Post me your views after you had read it...

President's Obama's comments in the clip below has raised some views and comments over in the Asian markets. There were discussions made as to why he had to bring up the issue that valuations and price to earnings ratio for many stocks was a good deal now if there's a long term perspective on it. Well in my opinion, I guess it is just a very logical explanation as to how good the opportunity it is to be trading with the U.S now, and the potential of investment growth should anyone place investments in the U.S. Watch this interview yourself and tell me your views. Visit msnbc.com for Breaking News , World News , and News about the Economy

Took some time to watch the testimony earlier. It started with some intensity and it ended with a softer and more understanding tone towards the end of the testimony. Chairman Bernanke expressed his anger towards AIG, and explained that AIG's investment operations were operating like a hedge fund, and because of such unmanaged risk that were taken by them, where it also went through the regulatory loopholes, thus causing the worries. If AIG is to fail now, the effect may be catastrophic and detrimental to the current financial woes of the economy. The Fed did really think and consider about the consumers of such insurance products who had given premiums to the insurer, and the possible effect if AIG is to fail, there will be another vacuum that could cost adverse effects in the health care system as well. One of the Senator did bring up to Bernanke's attention to ask if AIG was labeled as a 'zombie institution'. I thought that was a pretty interesting one, but Bernanke ...

I have to post this 6-part video on this. This documentary looks into the 1929 great depression and an outlook on similar it is compared to our current crisis. Enjoy this video...

I believe his book 'The World is Flat' could have caught your attention while you were browsing around for a weekend read. I will not introduce him further. Enjoy this 48min video.

Very honest views from Jim rogers, in my opinion. What left me with a very strong impression on this video was when he quoted:"Go become a farmer.."  Enjoy the video..

Very good insights shown by Nouriel Roubini on why nationalizing banks is a great idea and a view of where the current state of global economies may be. From the series of few videos that were posted the last few days, may it be from Jim Rogers, Soros or Roubini, everyone seems to have one common opinion, that is growth for the next decade will not be as strong as the past few recoveries that we had experienced from the last 6 decades of recoveries. With the U.S continuing to work to repair their economy, both on budget and trade, over the next few years, the world may have to go through a paradigm shift, as the largest consumer of goods and services globally, goes through a major overhaul. The recent economic and trade figures could tell very clearly, as specified by Roubini in this. Enjoy this video..

Billionaire George Soros was on the newswire lately as he made a commented that the current economic crisis may spark the end of a free-market model that has since dominated capitalist countries, at a private dinner at Columbia University on Feb 20 2009. For a detailed report on his view, click here . If you have an hour and a half to spare this weekend, the video below may be of interest to you where George Soros discusses some background and views of today's markets. Hope you like it..

This video really explains the credit crisis in a very simple way. Hope you like it. The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo .

Hi guys, I think this should be an interesting video from Karl Otto Pohl on the Euro. He is the ex-bundesbank's boss. Please do take his comment with a pinch of salt. For a write up on his comment, click here

Here's one of Jim Roger's latest video. Enjoy...

Hi all, After watching the full meeting yesterday, here is my short conclusion: Economy Necessary counter-cyclical monetary policies has already been used to stabilize the US economy, and with the recent corrections in property prices, goods and services, most products in general, has already been adjusted to norm, where it is more affordable to common citizens in the US. Banks are also given credits for every good loans made to any credible borrower. Seems like measures of increasing additional money supply to the economy, and measures to prime the banks to lend has taken place. But what may seem worrying for the moment, is only if other countries may not find the returns on treasuries and the USD is no longer attractive. Future With a little more to be done still, that means after 2 Trillion USD, the FED will allow market forces to adjust itself to these new changes, and hope that consumer's confidence could be restored over the next few months. FED will continue to monitor the p...

First and foremost, I wish to state clearly that this is only meant for entertainment value only and is NOT meant to be taken seriously, as there are no real/true fact that supports the content of this video. The video also, does not advocate anything politically. If you live, or happen to understand affairs of Singapore, you will likely find this video to be an interesting one. Hope you enjoy this controversial video.

Jim Rogers talks to Sir David about the rescue package and talks about the cause of the current systemic risk faced by the economy. Hope you like it..

Another interesting argument from Jim Rogers on the economy and Timothy Geithner. Hope you like it. 

Greetings, Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they throw open the doors to some of their most popular paid services to non-subscribers for one week only. If you’re not taking part right now, you’re already missing the valuable opportunities your peers are getting for free. This unique opportunity only comes along once or twice a year. Learn more about EWI’s FreeWeek here Cheers

Hi all, Very interesting facts that Mr Robert Prechter presented there. Hope you can enjoy it... Cheers This article is part of a syndicated series about deflation from market analyst Robert Prechter, the world’s foremost expert on and proponent of the deflationary scenario. For more on deflation and how you can survive it, download Prechter’s FREE 60-page Deflation Survival eBook , part of Prechter’s NEW Deflation Survival Guide. The following article was adapted from Robert Prechter’s NEW Deflation Survival eBook , a free 60-page compilation of Prechter’s most important teachings and warnings about deflation. By Robert Prechter, CMT 1) Should you invest in real estate? Short Answer: NO Long Answer: The worst thing about real estate is its lack of liquidity during a bear market. At least in the stock market, when your stock is down 60 percent and you realize you’ve made a horrendous mistake, you can call your broker and get out (unless you’re a mutual fund, insurance company or other ...

Hi all, If you can spare about 30min of your time today, this link below is an interesting discussion, where in my opinion, is a useful video for both experienced and beginner traders, and I am sure it is useful for everyone from all levels. The video was taken from a webinar by the CME Group (A Chicago Mercantile Exchange/ Chicago Board of Trade Company). To access the video, click here

Spent some time over the weekend to read on Mr Irving Fisher's landmark paper on The Debt-Deflation Theory of Great Depressions. Hope you guys will like this. Click here to read the article. Have a great weekend.

Hi all, The article below is a short introduction to Robert Prechter's work. In my opinion, he is one of those passionate market people that you cannot come across for years. His work has really been useful to my trading for the past decade, and I urge you to take a good look at their freebies, either events held annually or distributed as ebooks. Have a good read below.. February 4, 2009 This article is part of a syndicated series about deflation from market analyst Robert Prechter, the world’s foremost expert on and proponent of the deflationary scenario. For more on deflation and how you can survive it, download Prechter’s FREE 60-page Deflation Survival eBook , part of Prechter’s NEW Deflation Survival Guide. The following article was adapted from Robert Prechter’s NEW Deflation Survival eBook , a 60-page compilation of Prechter’s most important teachings and warnings about deflation. By Robert Prechter, CMT Myth 1: “War Will Bail Out the Economy” Many people argue that war wil...

Hi all, Wishing everyone a happy lunar 2009, and may you prosper in the year of the Ox. In the first place, I would like to thank many readers here who have shown their care and concern by sending me greeting messages and emails over the past 2 months. I am greatly encouraged by the support I am receiving from readers here, and you are all wonderful people. So what really happened to me lately? I was really procrastinating initially as to whether this should be posted, but I just thought, what the heck, let's all be very honest with each other. In October 2008, the hedge fund that I was working for, got wound up, and so, in October and November, I felt a little lost and worried because of the job loss. So I started hunting around for another trading job, and probably as expected by many, this was a bad time. I realized that the financial sector, in general, is going through a challenging time. So what's my plans? So in November, I believe I finally calmed down and gave it some ...

Hi mates, Just received this in the morning. It is a short interlude of the Elliott Wave course. If you are a serious trader, and would like to have a roadmap to the markets, I would suggest you take a good look at this, this has worked for me. Enjoy... Watch this full $79 course, FREE. Click Here!

Hi mates, If you have 30min of spare time to watch this video, I urge you to take some time and view this. In my opinion, it will give you a good picture of what may be the next worry, after the US economy has generally been stabilised. Enjoy...