Financial Forecast Short Term Update

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19 Comments on "Financial Forecast Short Term Update"

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Steven Evans
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Steven Evans
February 1, 2009 4:11 am
This review will cover as one package the Elliot Wave International’s three packages, Short-Term Update, Financial Forecast, and Elliot Wave Theorist. The reason is that just buying the Short Term Update (at $39/month) is like looking up close at a Monet Painting (e.g., London. The Waterloo Bridge). You see every stroke and line but can’t really tell what the big picture is all about, while the Financial Forecast gives you the big picture, but you will miss far too much of what this service has to provide if you are just getting commentary once a month. However if you buy… Read more »
troppo32
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troppo32
February 7, 2009 6:49 pm

What a joke – “Steve Evans” reviews three of Robert Prechters offerings and uses the same commentary for all three. This smacks of a marketing flack shilling his pubs and is not something I would expect from Stock Gumshoe.

I hope they screen the reviews to keep them honest.

And, yes, I will post this on all three “reviews”.

kelly russell
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February 14, 2009 9:49 am
Hello all ! I’m just adding a “ditto” for Steven Evans’ descriptions of the ElliottWave offerings ( well done enough that I’ve nothing to add to give you a better picture of what the services do or what potential value they have). To “Troppo32” – read Steven’s descriptions again. He’s not “shortcutting” by reviewing all three as a “package” – they offer the broadest perspective as a group, though if you only had an interest in a very specific time frame you might want to pick only one of the bunch. I’ve been most impressed with the perspective that this… Read more »
jbb
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jbb
March 23, 2009 8:32 am

By no stretch of the imagination is this a “short term” newsletter. Although he does give himself an out in each letter by stating that if it goes beyond or below a certain number that he will change his mind but by then most of the move is over.

Chuck
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Chuck
June 20, 2009 9:28 am
I’ve subscribed to EW Financial Forecast since 2001. Additionally, I’ve subscribed to other newsletters (EW Theorist and Short Term Update) off-and-on since 2001. Overall, I find the newsletter(s) valuable and I’ve continued to subscribe. My experience is that EW has been accurate about the major tops/bottoms and calling the inflection points that change trend of the market. They use a variety of indicators as supporting evidence for their Elliott Wave interpretation. Sometimes the wave will evolve over time and a top is predicted multiple times (at progressively higher levels). The newsletter has guided me into several counter-intuitive moves — including… Read more »
WARTHOG 1
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WARTHOG 1
July 11, 2009 6:26 pm
I have followed Elliot Wave via their free Club EWI updates since before the dot com crash. Having evaluated their projections against what actually ocurred in the markets /commodities / forex I was taken by the accuracy of their predictions. Although not always right, the beauty of this methodology is that it provides quantifiable and objective threshholds to determine when you are wrong. From a “Macro” point of view I have not found anything that comes close to the accuracy of their predictions. Thankfully I took a paid subscription in 2007 and took their advice to get out of my… Read more »
Al
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Al
October 14, 2009 9:41 pm
Well, I have only been a subscriber (EWT + EWFF + EW STU)since Aug. 24 2009 and was still reviewing their archives when the call went out, by an early issue of Bob Precters’ EW Thoerist, that the odds favored the end of PrimaryWave2Up and the start of PrimaryWave3Down: the longest and most destructive wave down, according to EW Principle. Anyways, I’m not a novice, and have my own trading system, so I merely observed the market going down but did notice that it failed to break major support at SPX 992 on 9/2/2009 so I went long. In my… Read more »
Wolfgangus
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Wolfgangus
March 4, 2010 6:25 pm
Long time subscriber as much for the stimulating view of how the (investment) world works as for the advice. I once sent an excerpt to a friend whose wife saw it and wrote to me wanted something actionable. I wrote back the following: “I did not send this excerpt as any kind of investment advice. Prechter is a brilliant, self-assured iconoclast and his deeply contrarian, outrageous views fascinate me. Sometimes he’s right; sometimes he’s wrong, but he always has a unique perspective”. That undersells him a bit. He has made some incredibly timely contrarian calls, most recently calling the bottom… Read more »
Jenn
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Jenn
May 1, 2010 2:48 pm
I am a long term subscriber to the three EWI newsletters – The Theorist, The Financial Forecast and Steve Hochberg’s Short Term Update. I agree with reviewer, Steven Evans, each gives context to the others and all three are needed to get a full picture. They don’t offer an infallible crystal ball, however the EWI team often serves up fascinating and uncannily timed insights. Robert Prechter’s article on Goldman Sachs late in 2009 was stunningly prescient, in the light of all that has transpired since. At the time it prompted me to adopt a highly bearish stance on GS stock,… Read more »
GenuineReviewer
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GenuineReviewer
June 1, 2010 10:22 am
I have subscribed to EWI Short Term Update/Financial Forecast/Theorist for quite a few years. The latter two are excellent analysis/advisory. The STU is only published Mon/Wed/Fri so you can’t use it for trading. The problem with Elliot Waves in general is that there is always an alternate view. So the top view is the market will go up. The top alternate view is that the market will go down. That is about the size of it. The monthly Financial Forecast works better because Elliot Waves work better over the longer term. Elliot Wave International is definitely genuine and honest.
Danpar
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Danpar
November 4, 2010 10:48 am
Steve Hochberg could not find his way back home with a GPS even if his life would depend on it. For months now he is predicting the big move down. Not only it did not happen but since the beginning of September the market made quite a strong move up; 10 weeks now and still counting. Hochberg analysis relies, amongst others, on factors like bull/bear sentiment. He tries to pinpoint a major reversal on extreme readings. In my opinion bull/bear sentiment are no different from overbought/oversold signals. A market can be overbought for weeks or months before reversing. Hochberg mentioned… Read more »
regretful
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regretful
November 11, 2010 12:15 am
I have been a successful trend follower until i read conquer the crash during the crusis in 2008. I was very impressed and went on to subscribe their news letters. I was very memerised and impressed and decided to subscribe. Although they did call it right to close shorts, their long call was a little late but still ok. Heres the real damage. Their constant bearish call makes it impossible to go long. Many short term trading opportinities will be lost. Their news screws with your head. No one should be predicting the market. Miss Trend Following i am sorry… Read more »
Ernie
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Ernie
December 7, 2010 10:10 am
Their service should be illegal and exposed for what it truly is, a ripoff. I too read conquer the crash, and then subscribed to this crap. Initially they seemed to be right. I went short @ S&P 1090 in July, after their warnings of a severe downturn. I’ve been watching my money disappear ever since. Every week, they would issue the same prediction that the market is going south next week in a very big way…..unless it goes up! I lost the entire summer rally, and lost over 10% by being short. What this does is suck you in, and… Read more »
Fred
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Fred
December 31, 2010 1:44 pm

How long has it been since the last good silver forecast? They completely messed up on that one.

Jim
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Jim
January 15, 2011 11:53 am
I’ve subscribed to the Short Term Update and the Theorist for a year or so. Following Prechter has led to absolutely horrible results. I’m embarrassed to even say how much I’m down. “The market is going south very soon!” “Double down on your shorts.” “The coming calamity will be the worst in your lifetime–in a century–in a thousand years!” Over and over, the same incessant message. And I’ve kept believing it, shorting and shorting. But Prechter called the prevous top and then the bottom–as he keeps reminding us. So he has to be right at some point. The market, for… Read more »
PWConnelly
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PWConnelly
February 8, 2011 3:32 pm
I subscribed to EWI’s short term update after reading the the book “Elliott Wave Principal” Since June of 09, the STU has been bearish and have claimed dozen’s of times that the top was in, ready for the next major Wave 3 down, etc. I cancelled my subscription in the late fall of 2010, and emailed the company a few questions regarding an alternative wave count. I never heard back from them. The short story is that these guys have been MAJOR Bears since June of 09. All you need to do is look at a chart to see why… Read more »
trader
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trader
April 22, 2011 10:41 am
they have interesting materials & stories and calling tops everytime it is easy for them.I have been glued for over 2 yrs at their works,like an addict. Now I m paying the consequences of an addiction. they should be more precise with entries and exit and when things go wrong they should say “time to sell and get the loss, we wait for the next support”. the work it is fascinated with a good sense of what it can happen in the future but if you are a long or a swing traders or even a day trader the services… Read more »
busguy
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busguy
July 28, 2011 1:26 am
The EW theory is intensely interesting and “should” be the premier trading indicator in the world. Unfortunately… I have subscribed to the Elliot Wave Financial Forecast, EW Short Term, EW Theorist, EW Traders Flash Alerts (ETFs and Futures trades to make at once) and EW Intraday Index Forecasts (every hour a new forecast for the S&P, Dow, Nasdaq). I had them for 6 mos. In May + June 2010, they were great. I was raking it in. They call you at home and email you when there would be a flash alert . Their messages “This is Elliot Wave announcing… Read more »
anon
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anon
November 12, 2011 7:20 am

If you like to lose money, this is a 5 star service. Great charts, but very bad in market timing, very bearish since I have signed up. The end of the world is always around the corner. Maybe one day after millions of bad calls they will be right.

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