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Article Directory :: Finance & Investment Articles
Many folks are feeling a bit of relief (financially) now that the market has moved off its devastating lows from October 2007 to earlier this year (2009).
If you are a market timer then you may have bought at the temporary bottom during March. Now (June 09) you've ridden the current three wave move up and are currently, a seller looking for the next move down- whether it stops at the previous low or not and then you will determine at that time whether to buy again or not.
But most people are not traders or market timers so many will be hoping this current move is just the beginning of a new major long-term uptrend, and will probably hold on until the next move down is completed.
How Good a Predictor
In 1938 RN Elliott wrote the Elliott Wave Principle and this technical market analysis has been a remarkable fore runner to anticipating the next move in financial and commodity price based markets.
Elliotticians have planned for the current "Grand Super Cycle" degree move down for a number of years (1997). (To provide perspective, 1929 was just a Super Cycle degree). But just as importantly this technical market analysis also allows us to use fibonnaci retracements and projections to look to where bottoms form and be prepared for the next big move up (several years from now).
Technical market analysis is different than "fundamental" analysis in that we look to see what history has said in the past in order to project what may come next. Fundamentalists depend on the current market information to form opinions of what they anticipate may happen with no real consideration for the much longer term trends.
You can learn more about these concepts in The Elliott Wave Principle by Robert Prechter. Here is a recent lead into one of their articles:
"Zombie images ... are an apt metaphor for what takes place in a socialist-minded downturn. The U.S. Government's policies suck cash and creditworthiness from the living and transfer it to lifeless corporate shells, such as Chrysler, GM, AIG, Fannie Mae, bankrupt homeowners and a hundred banks."
~ May 2009 Elliott Wave Financial Forecast
Time for a Change
So, if we have not yet seen the worst of this financial devastation what should we do? In my case, in addition to continuing trading commodities, I have built an entirely new business - online having left the offline world. Many of my associates are doing the same.
Times like these often provide the basis for change in our lives as we rethink talents, abilities and resources and seek new ways of operating.
So, for some this may mean becoming a trader and for others it may mean starting their own business. But, whether we look at our finances entirely differently OR start an online business (or both) the time for change for many is now.
Jack Funderburk has owned and operated small businesses for 30 years, now online He provides resources for those starting internet businesses. Jack says, "Learn Marketing / Advertising before anything else, then you're prepared for any online business."
To Learn More Go to:
http://Building-Businesses-Online.com/start-business-online-from-scratch.html
AND download Jack's ebook, Building a Purposeful Business Online
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