17.09.2013 - One easy step to tame a commodity tornado
Nobody said it's easy. In fact, when it comes to investing in commodity markets, people have said just the opposite. A novice to the world of futures recently put this spin on the matter: Trying to stay ahead of the volatile price fluctuations in commodities is like trying to tame a tornado. So, how do you tame a tornado? Well, let's just say you're going to need a really wide net. And that net is Elliott wave analysis. Put simply, Elliott wave analysis stands above all other methods of forecasting financial markets: First, it is objective. Elliott analysis states that the main force driving price changes is the collective psychology of investors surrounding a specific market. This psychology unfolds in clear and observable Elliott wave patterns on price charts. ..............................................Full Article: Source
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