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Markets Dive. What Do You Do NOW?
Protecting yourself from this crisis begins with the right information.

By Vadim Pokhlebkin
Fri, 24 Oct 2008 15:30:00 ET
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I have to be honest: Limit-down trading in the DJIA and S&P futures on Friday morning (October 24) scared me.
 
Yes, I work for Elliott Wave International. Yes, I know that our recent forecasts (in the Short Term Update, for example) have been calling for another drop in stocks. But it's one thing to know about a strong probability of a crash. It's quite another to wake up one fine morning and find it staring you in the face.
 
You may have felt the same way on Friday. I know nothing about your background, or how much you know about our work. Maybe you've been reading these Free Updates articles for glimpses of our market opinions. Maybe you are already a subscriber to EWI's publications, in which case you've seen the information you needed to get yourself prepared.
 
Or, maybe you are brand-new to Elliott wave forecasting. If so, you've simply had no chance to prepare yourself for this crisis – because let's face it, even if you watch financial TV networks and read the mainstream press, no one told you to expect the DJIA to fall as low as it already has.
 
So, for you, the main question probably is – "What do I do next? What do I do NOW?"
 
I really believe that several options are still open to investors who want to protect themselves from this crisis. But, it begins with the right information. Our publications can give it to you right now, in three different ways:
 
  1. You can see and follow the short-term trend in the major markets with our Mn-Wd-Fri Short Term Update. You will get the very latest forecasts tonight. The new issue publishes soon after the stock market closes at 4 PM. 
  1. You can get our latest longer-term market forecasts, plus opinions about the economy and unique insights into relevant social trends, in our monthly Elliott Wave Theorist and Elliott Wave Financial Forecast. The October issues are online right now. 
  1. You can read Bob Prechter's Conquer the Crash. Its entire second half – 20 chapters – is full of practical "how to" tips on ways to protect oneself in a deflation. Published five years ago, the book outlines – with an amazing accuracy – the details of the current crisis and its causes. 
The time to act is now. Get the resources I've listed above risk-freehere's how.

Tags: limit down, crash, deflation

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Watch Bob Prechter's interview on CNBC Wednesday, Nov. 4. Bob discusses the current juncture, Conquer the Crash II and more.
Robert Prechter on CNBC
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.