July 2016: Current Market
In my previous letter I wrote: "...we see that the shortest-term NHNL has declined
into a bottoming zone, the others are still hovering above it. The bottoming work
has not been completed. Keep in mind that such panics create foundations for
strong upmoves. In the coming weeks let's watch for kangaroo tails to the
downside, accompanied by bullish divergences."
The bottom was completed with a kangaroo tail, and when the S&P rallied above
its 2015 peak yesterday, it sounded the death knell of the bear market and
flagged a new bull market.
The bull market that began in 2009 had topped out 14 months ago, during the
week of May 22, 2015, when the S&P index touched 2135. The bear market
stabbed down four times, reaching its ultimate low of 1810 during the week of
February 12, 2016. Overall, that bear market was pretty mild, and the brief Brexit
panic was its last gasp. Click here to continue reading.
2016 Traders' Camp
It is a pleasure to announce limited availability for our famous Traders' Camp.
Our last Camp in this hemisphere was three and a half years ago, in January 2013
(we did run a Camp in Asia in 2015). This Camp has a new format - a bit shorter,
a lot more intense, and less expensive. Only 3 spots (out of 20) are still available.
Rather than having a guest speaker, the entire Camp will be taught by Dr.
Alexander Elder - lectures in the mornings and practice in the afternoons. We
booked only 20 rooms at our favorite resort in the Dominican Republic (nearest
airport - Puerto Plata). We offer a $1,000 discount for early registration and an
additional $500 for two traders registering together. In addition, as soon as you
register you'll receive free access to our webinars, listed below. The fee covers
everything except transportation. Click Here for detailed information. We invite repeat campers to arrive a day early as our guests for a "social day" (a nominal fee for others).
Special - two popular videos at half-price (offer ends July 15)
Force Index: this 48-minute video explains the importance of volume for
analyzing markets and timing reversals. It shows how to construct and
interpret the Force Index using weekly, daily and intraday charts. It
illustrates using Force Index with stocks and futures, indexes and forex.
The video is accompanied by a CD handout which includes supplementary
materials. List $119, our price $87, on sale $49. Please order here.
Traders' Camp in Antigua, Guatemala: join Dr. Alexander Elder and a
group of serious traders during their week-long Traders' Camp. It is a
nearly 7-hour trading course on 5 DVDs. Listen to lectures, view numerous
chart examples, learn risk management, and even take a look at the
group's social times. It is the next best thing to being there! List $297, our
price $249, on sale $129. Please order here.