In this study we apply the Elliott’s Wave theory to the index S&P 500 for a period of three years, starting from the October 2008 and until December 31, 2011. An analytical forecast for the first half of 2012 has been carried out. Our principle empirical findings un-derline that the evolution of the first five months of 2012 will be even more turbulent, even if with a slightly bullish phase until May; then we will see a collapse of the financial markets (also in the light of the probable Greek bankruptcy), with a more pronounced Bear Market. If our estimates of the downturn of the financial markets were to prove correct, the immediate implications of this analysis would lead to an accommodating monetary policy, made up of further cuts to the official interest rate.

Magazzino, C., Mele, M., Prisco, G. (2012). The Elliott's Wave Theory: Is It True During the Financial Crisis?. JOURNAL OF MONEY, INVESTMENT AND BANKING, 24(March), 100-108.

The Elliott's Wave Theory: Is It True During the Financial Crisis?

MAGAZZINO, COSIMO;
2012-01-01

Abstract

In this study we apply the Elliott’s Wave theory to the index S&P 500 for a period of three years, starting from the October 2008 and until December 31, 2011. An analytical forecast for the first half of 2012 has been carried out. Our principle empirical findings un-derline that the evolution of the first five months of 2012 will be even more turbulent, even if with a slightly bullish phase until May; then we will see a collapse of the financial markets (also in the light of the probable Greek bankruptcy), with a more pronounced Bear Market. If our estimates of the downturn of the financial markets were to prove correct, the immediate implications of this analysis would lead to an accommodating monetary policy, made up of further cuts to the official interest rate.
2012
Magazzino, C., Mele, M., Prisco, G. (2012). The Elliott's Wave Theory: Is It True During the Financial Crisis?. JOURNAL OF MONEY, INVESTMENT AND BANKING, 24(March), 100-108.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/148111
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact