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They say you learn more from losing than succeeding, and while that is probably of little solace to those in the market, there is certainly some truth to it.

Attendees of this week’s Elliott Wave Webinar will be aware that during session one, we placed a huge emphasis on stock selection.

Over the past few weeks, I have been watching the US Dollar getting set for what could be a nice “Christmas rally,” running into at least the first quarter of next year.

Many of you may have heard of the VIX.  But to refresh your memory it is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index and is a widely used measure of the implied volatility of S&P 500 index options.

All disciplines are beset by various fallacies, but it’s reasonable to say that economics suffers more than most.