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Stocks & Commodities V. 33:09 (2834): Where Is The Market Heading? by Koos van der Merwe
Stocks & Commodities V. 33:09 (2834): Where Is The Market Heading? by Koos van der Merwe
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Where Is The Market Heading? by Koos van der Merwe
If youre wondering when the markets will correct, heres one forecasting method to use that has stood the test of time.
"If the first and third waves are of about equal length, the fifth wave will likely be a protracted surge, especially if volume on the fifth wave is greater than volume on the third wave. Conversely, if wave three has extended, the fifth wave should be simply constructed and resemble wave one." Frost & Prechter, Elliott Wave Principle
When A.J. Frost & Robert Prechter published their book Elliott Wave Principle in November 1978, they dedicated the book to the memory of the late A. Hamilton in appreciation of his great interest in Elliott wave theory. Over the years, this book became my bible. As the years passed, and as computers with complex algorithms and high-speed trading started to analyze the movement of the market, the Elliott wave theory started to become more of a signpost in the wilderness than a market forecast. What I mean by this is that an Elliott wave can change its count a little way down the road at the next signpost...
If youre wondering when the markets will correct, heres one forecasting method to use that has stood the test of time.
"If the first and third waves are of about equal length, the fifth wave will likely be a protracted surge, especially if volume on the fifth wave is greater than volume on the third wave. Conversely, if wave three has extended, the fifth wave should be simply constructed and resemble wave one." Frost & Prechter, Elliott Wave Principle
When A.J. Frost & Robert Prechter published their book Elliott Wave Principle in November 1978, they dedicated the book to the memory of the late A. Hamilton in appreciation of his great interest in Elliott wave theory. Over the years, this book became my bible. As the years passed, and as computers with complex algorithms and high-speed trading started to analyze the movement of the market, the Elliott wave theory started to become more of a signpost in the wilderness than a market forecast. What I mean by this is that an Elliott wave can change its count a little way down the road at the next signpost...
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