The chart below is from Martens' end of day analysis this past Friday. Accompanying the chart within the service is a video by Martens in which he discusses the pattern of a third wave appearing in both the Euro and US Dollar (opposite third waves, Euro-Down and US Dollar-Up). Although the video covers current patterns in the currencies, perhaps more on point it is a description of the mindset needed to exploit the opportunities presented by imminent third waves. That is exactly what Robert Prechter is suggesting (more like banging the table) is happening right here, right now in global stock markets. As evidence mounts that he is correct in this assessment, this video hammers home how investors and traders can and should take advantage of a rare and wonderful wonder to behold.
It is an important video, but the only way to see it is to log into the week of free access being offered by EWI.
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Dear Subscribers, let's talk some simple concepts: Third waves. Did we just see one in the EUR/USD? Watch my weekly video for details (Feb. 05, 2010). -- Jim Martens, Senior Currency Strategist.
Simple Concepts: Third Waves (Feb. 05, 2010)