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Article: Putting Elliott wave in its place. (Trading Techniques).(Elliott Wave theory)(Column)
- Article from:
- Futures (Cedar Falls, IA)
- Article date:
- April 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Theory is one thing, but getting it to make accurate market forecasts is quite another. Extensive research of Elliott wave patterns produces some interesting results--and a forecast of Microsoft above $200!
This is the sixth and last article in a series outlining recent research into the Elliott Wave Principle and how to use this information to gain a distinct trading edge. (Note: All analysis of Microsoft is based on prices prior to a stock split.)
Once you understand the five most common Elliott wave patterns, you can begin to identify them on a chart and use them to make price and time projections.
Last month we labeled the Elliott wave ...