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"I don't know how to describe it. You know your name, don't have to think about it, and if you always put your keys on a hook you go to the hook without thinking......you just know. Well the last couple of weeks looking at the charts sometimes I just know its an entry and I can't describe it. Of course being handicapped with an unusually strong left brain I just HAD to figure it out, take out the screwdriver and take it apart to see how it works. As soon as I started noticing it when it was happening and started to try to figure it out it stopped working!!! So now I just sit back and enjoy the 'feeling' and do NOT try to figure it out!!"
- F.F., Stirling, NJ

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Elliott Wave International NewsWire

GONE FISHIN’



Corn: Is The Bullish Party Over?

Fact: Corn prices have officially gone from sizzling to fizzling. On Tuesday, June 30, the grain's prices plunged to the Chicago Board of Trade's imposed daily down limit to end at a fresh, four-month low. As for why-- the mainstream experts pointed their accusatory finger at two specific U.S. Department of Agriculture reports. To wit:

Some Thoughts on the Fractional Reserve Banking System

Here's an interesting question we've just received at EWI's Message Board: "Dear EWI, as the Madoff hoopla is going full blast today on TV, I would be interested to hear your thoughts on this question: Are today's banks in their vast majority also massive ponzi schemes?" Answering a question like that can be a simple matter of definitions -- so let's give it a shot...

Dow Jones Industrial Average at 173? Not if... but Now!

True or False: The “Real” Dow Jones Industrial Average has rallied more than 30% from its March 2009 low, standing near its highest level in nearly six months. That depends on who you ask. According to the mainstream experts, the answer is clearly YES. For many in this camp, the Dow’s upsurge is the “slow and steady” start of a new, “healthier” bull market.

Important Q&As You May Have Been Missing

At EWI's Message Board, readers ask us dozens of questions, daily. We try and answer everyone, and the best Q&As we publish for all to see. Below are our three nominees in the "Best Question" category for the month of June. Enjoy!

China Bull Market: Take Two?

In the last seven months, the Shanghai Composite Index has enjoyed a powerful winning streak to its highest level in a year. And, according to a recent news story, "Crowds are back on Guangdong Road [China's 'Wall Street' equivalent] to discuss stocks" like tweens twittering celebrity gossip. The main topic of their conversation: Is the bull market in China back for good?

Will Deflation Show That the Emperor Has No Helicopter?

Bernanke's 2002 speech was titled, "Deflation: Making Sure 'It' Doesn't Happen Here." It was a manifesto which spelled out the tools and means of influence the Fed could employ in an anti-deflation policy. Seven years hence, see how Bob Prechter saw it coming seven years ago...

(c) 2009 Elliott Wave International

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