Welcome Ladies and Gentlemen to the show that never ends! In just 20 short days you will be taken for a ride via Youtube to our blog that can basically go anywhere. One day we may talk about gold or politics or the current mental state of the nation or your neighbor. So stay tuned and if you want, toss some suggestions about what you might want to take a tour of. This is Knowah, have a great day and I am out of here!
Most traders when they are just getting started are always taught to use a stop to limit their loss in the eventuality that they are wrong in their analysis and foray into the marketplace. What usually happens is that they get stopped out and the market turns around and goes back in the direction they wanted it to go. Okay, so that’s the way it goes and you only have to be right 3 out of 10 times to be a great baseball player, right? So your next trade comes along and guess what? The same thing happens again. So on the 3rd or 4th time they decide they are not going to use a stop because they are correct in their analysis but keep getting stopped out. And then it happens. The market goes through their stop point and continues to move against them and the losses continue to mount. Finally out of desperation they exit their position with a big loss, and you guessed it, the market turns around and goes their way. It happens to everyone and only the persistent will want to continue past the beatings. Unfortunately, some of lifes greatest lessons are the most painful. That’s it for today and I am Knowah and I’m going back to the ark!
2. Comment that is easy to understand. Can you quickly find out our perspective? We try to get to the point.
3. Unconventional thought. Don’t look here for the usual.
What does the Elliott Wave and Robert Prechter think about the silver market after it’s run to almost $50 an ounce?
You can say what you want about the Elliott Wave analysis of economic history, but while timing it may be difficult and require a good amount of training, if you are willing to look below the surface, you will be able to see many uncanny parallels throughout history. That in itself is worth the trip when it comes to thinking about what might be happening right around the economic corner, and if you really serious about trying to analyze what’s going on, you should go to www.elliottwave.com and take a good look. I really think you will be surprised at what Robert Prechter and his team are doing. Difficult times are ahead for us in this stage of history and one needs to be prepared on many different levels. Anyway, I’m just Dave Dreamin’.
Silver past and future? See what they think!http://gainesville.elliottwave.com/t/102548/3945698/17118/43/