Trend Changes in Financial Markets: 7 Key Market Calls
A record of spotting major market turns most investors miss
By Elliott Wave International
Elliott Wave International is dedicated to helping subscribers anticipate the next major market turn. No, we don't always "get it right" - yet the examples below speak for themselves.
1. In 2005, EWI called the 2006 real estate turn.
Some say real estate can't go down because far too many people are concerned about a real estate bubble, a worry that is now even greater than it was for stocks at the March 2000 NASDAQ peak ... it is actually another sign of a top when participants are dismissive of the warnings.
The Elliott Wave Financial Forecast, July 2005
House prices peaked in July 2006. By April 2012, the Associated Press reported, "Home prices have fallen 35% since the housing bust."
2. In 2007, EWI called the stock market turn.
Aggressive speculators should return to a fully leveraged short position now. We may be early by a couple of weeks, but the market has traced out the minimum expected rise, and that's enough to act upon.
The Elliott Wave Theorist, Interim Report, July 17, 2007
Those aggressive speculators were rewarded. From an Oct. 9, 2007, high of 14,164, the Dow Industrials tumbled to 6,547 by March 9, 2009.
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