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Archive for April, 2010

Goldman Sachs Charged With Fraud: Who Could Have Guessed? Part II

Thursday, April 22nd, 2010

By Elliott Wave International

In the November 2009 issue of Elliott Wave International’s monthly Elliott Wave Financial Forecast, co-editors Steven Hochberg and Peter Kendall published a careful study of Goldman Sachs company history — and made a sobering forecast for the firm’s future: "Goldman Sachs will experience an epic fall."

In this special three-part series, we will release the entire Special Report to you free of charge. Part II is below. You can find the entire series here: EWI forecasts Goldman Sachs company troubles.

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48 Hours Left to Get Your Free 47-Page eBook: How to Spot Trading Opportunities

Wednesday, April 21st, 2010

Elliott Wave International’s free 47-Page eBook, How to Spot Trading Opportunities, is only available free for another 48 hours. Don’t miss out on this valuable resource, created from the $129 two-volume set of the same name. The offer expires Friday, April 23. Learn more here and download your free eBook.

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Daily Forex Analysis – April 21, 2010

Wednesday, April 21st, 2010

USDCAD Analysis.
USDCAD formed a cycle top at 1.0215 level on 4-hour chart and dropped sharply to as low as 0.9970 level. Deeper decline to test 0.9953 previous low support is still possible later today, a breakdown below this level will indicate that the longer term downtrend from 1.0779 (Feb 5 high) has resumed, then another fall towards 0.9800 could be seen. However, minor consolidation would more likely be seen before breaking below 0.9953 level.

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Goldman Sachs Charged With Fraud: Who Could Have Guessed? Part 1

Tuesday, April 20th, 2010
By Vadim Pokhlebkin

April 16, (Reuters) – Goldman Sachs Group Inc was charged with fraud on Friday by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages.

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Daily Forex Analysis – April 20, 2010

Tuesday, April 20th, 2010

USDJPY Analysis.
USDJPY might be forming a cycle bottom at 91.60 level on 4-hour chart. Bounce towards the falling trend line from 94.68 to 93.71 would more likely be seen in a couple of days, a break above the trend line resistance will indicate that the fall from 94.68 has completed at 91.60 already, then another rise towards 94.68 could be seen. Key support is now at 91.60, below this level will suggest that the pair remains in bearish movement, then deeper decline could be seen to 91.00 area.

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Daily Forex Analysis – April 19, 2010

Monday, April 19th, 2010

USDJPY Analysis.
USDJPY continues its downward movement from 94.68 and the fall has reached as low as 91.87 level. Deeper decline is still possible in a couple of days and next target would be at 91.00 area. Resistance is at the falling trend line from 94.68 to 93.71, as long as the trend line resistance holds, downtrend could be expected to continue.

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Raising The BAR: Bar Patterns & Trading Opportunities

Saturday, April 17th, 2010

By Nico Isaac

For Elliott Wave International’s chief commodity analyst Jeffrey Kennedy, the single most important thing for a trader to have is STYLE— and no, we’re not talking business casual versus sporty chic. Trading “style,” as in any of the following: top/bottom picker, strictly technical, cyclical, or pattern watcher.
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Daily Forex Analysis – April 16, 2010

Friday, April 16th, 2010

GBPUSD Analysis.
GBPUSD remains in uptrend from 1.4798. Initial support remains at the rising trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue and next target would be at 1.5600-1.5650 area. Key support is at 1.5336, below this level will indicate that a cycle top has been formed at 1.5522, then deeper decline could be seen to 1.5200-1.5250 area.

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Blaming "Market Manipulators" For Losses is a Huge Obstacle to Success

Thursday, April 15th, 2010

By Editorial Staff

In 1984, Elliott Wave International’s founder and president Robert Prechter won the U.S. Trading Championship, setting a new all-time profit record of 444.4% in a monitored real-money options account in 4 months. In the average 4-month contest, over 75% of contestants, mostly professionals, fail to report profits.

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Daily Forex Analysis – April 15, 2010

Thursday, April 15th, 2010

EURUSD Analysis.
EURUSD trades in a trading range between 1.3546 and 1.3691. The price action in the range is more likely consolidation of uptrend from 1.3282. As long as 1.3546 support holds, one more rise to test 1.3817 is still possible after consolidation, a break of this level will indicate that the longer term downtrend from 1.5144 (Nov 25, 2009 high) has completed at 1.3267 already. Support is at 1.3546, only fall below this level could take price back to 1.3450-1.3500 area.

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