Posted: Thursday, July 14, 2016
Consider the common thread in these recent examples:
Forecast: A 70% decline in the base commodity that runs the industrialized world (when most traders were bullish).
Forecast: A 30% plunge in shares of Wall Street's favorite company -- its worst price decline in three years (even though every advisor with a pulse rated it a "buy").
Forecast: A four-year, 44% decline in a "must-own" commodity "every investor must own" (even though central banks world-wide were bullish this commodity).
Forecast: A two-month, double-digit rally in a blue-chip stock index, even as investor sentiment hit a negative extreme last seen at the epic market lows of March 2009.
What is the common thread?
Years ago, our friend, and founder of Elliott Wave International, Robert Prechter made this simple observation:
"Everyone wants to be a contrarian. But it takes years of experience to learn when to behave as a contrarian."
To the benefit of his Elliott Wave Theorist subscribers, Prechter has made a 40-year career of knowing when to behave as a contrarian investor.
Bob Prechter -- with his team of analysts (in fact, Elliott Wave International is the world's largest independent forecasting firm) -- is still at it.
The recent market calls described above stand as contrarian cases-in-point.
They show exactly what can happen when Elliott wave analysis meets opportunity. Even so, we're not asking you to attend a class in "good calls."
We highlight these markets because the Elliott wave patterns we watched in 2014, 2015, and 2016 so far are still unfolding right now. More, potentially larger opportunities are still to come.
Read all about these exceptional forecasts, via our report titled
It can be your first step toward "behaving as a contrarian" -- and being ready for the next big price turns the experts never see coming.
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