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07

Aug

2012

The Surge Higher in U.S. Markets: "The Stage is Being Set"

The market's main trend stays the same. 
August 03, 2012

By Elliott Wave International

Elliott Wave International has long observed that external events do not alter the dominant trend of financial markets -- not even major events like wars, natural disasters, terrorist attacks, political assassinations or any other news that makes headlines.

Now, it is true that news can sometimes have a near-term effect on market prices.

The July 26 opening bell is an example.

Dow Surges 200 Points on Draghi Comments, Jobless Claims  Read more.

 

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