Elliott Wave Theory The Reality and Myth - 0 views

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  #1 Jacobson Garrison on 26 Dec 13

   

  Elliot wave theory has a huge and loyal following - waste the theory has no foundation of sound logic that will help you generate income!
  
  Elliot trend theory likes massive reputation - being called advanced level technical analysis, by editors and several brokers.
  
  Elliot wave theory has a huge and loyal following - shame the theory has no foundation of sound reasoning that can help you generate income!
  
  Lets look at Elliott wave theory in greater detail and then look at reasonable industry analysis.
  
  The idea was named after Ralph Nelson Elliott, who concluded in his book natures law the movement of financial markets might be predicted by observing, and identifying a repetitive pattern of waves.
  
  Elliotts Unique Statement
  
  Elliott found the conclusion that organic phenomena are cyclical - and this consists of the financial markets. Visit becker testimonial to learn when to mull over this activity. This is true, but we know that anyway - we know that at some point in our lives, we can feel rain when we venture outside, the problem is when exactly?
  
  So, markets are cyclical - big deal! What we would like from an expenditure theory, is the likelihood of the event - i.e. when could it be probably to occur. If you think you know anything, you will maybe need to compare about go.
  
  Elliott wave theory can be an objective investment theory - but there is no detachment in it at all!
  
  It is all a subjective interpretation of peaks and troughs, in any timeframe you prefer!
  
  Does this sound a rational predictive theory for you?
  
  The Theory
  
  Predicated on rhythms present in nature, the theory implies that the market goes up in a series of five waves and down-in a series of three waves. Visiting source wave possibly provides suggestions you can give to your friend.
  
  The difference between the Elliott wave concept and other cyclical ideas is that the theory indicates no absolute time requirements for a period to perform - well thats a lot of help!
  
  The subjectivity is really great in Elliott trend, that similar to ideas, everything is explainable in hindsight - but the difficulty is in fact predicting the future.
  
  There are numerous interpretations of the particular peaks and troughs in several time-frames, that everybody will see them differently, this is hardly the cornerstone of a predictive theory.
  
  Elliott wave theory claims to be able to predict the market - but gives no objective way of doing it in practice.
  
  Who uses Elliott Wave Principle?
  
  1. Investors who want an easy way to make money, and are drawn to the mysticism of such methods as the Fibonacci number sequence, to predict market retracements.
  
  2. People who rely on the false assumption that you could want a simple way to generate income - and predict market behavior in advance.
  
  How Markets Actually Move
  
  Market prices are a reflection of the following:
  
  Supply and demand fundamentals + individual therapy = value activity
  
  This looks simple, but is in reality, complex picture - that is impossible to estimate beforehand.
  
  Trading areas via complex analysis is focused on putting the probability and odds in your favor, and only that. It's NOT really a way of predicting the near future.
  
  Are there better theories than Elliott trend around, for making money from the areas? - A superb exercise would be to poll the entire top performing fund managers in the world and observe most of them take the theory seriously.
  
  Subjectivity and predictive dont mixture!
  
  The Elliott wave theory is just a predictive theory that leaves every thing to subjective analysis.
  
  If Elliott had resolved a predictive principle, why didnt he give a goal way to generate income from it? - Like most predictive concepts it doesnt work.
  
  We would all know the thing that was likely to happen, if all people could anticipate the market in advance - and there would really be no market at all, as we would all know the market price in advance!
  
  Elliott wave theory is supposed to become a predictive theory, however the only thing you can predict with it, is you'll lose your hard earned money.

   

  <div class="cArrow"> </div><div class="cContentInner">Elliot wave theory has a huge and loyal following - waste the theory has no foundation of sound logic that will help you generate income! <br /> <br /> Elliot trend theory likes massive reputation - being called advanced level technical analysis, by editors and several brokers. <br /> <br /> Elliot wave theory has a huge and loyal following - shame the theory has no foundation of sound reasoning that can help you generate income! <br /> <br /> Lets look at Elliott wave theory in greater detail and then look at reasonable industry analysis. <br /> <br /> The idea was named after Ralph Nelson Elliott, who concluded in his book natures law the movement of financial markets might be predicted by observing, and identifying a repetitive pattern of waves. <br /> <br /> Elliotts Unique Statement <br /> <br /> Elliott found the conclusion that organic phenomena are cyclical - and this consists of the financial markets. Visit <a href="http://www.youtube.com/watch?v=iiElzrZ1roc" rel="nofollow">becker testimonial</a> to learn when to mull over this activity. This is true, but we know that anyway - we know that at some point in our lives, we can feel rain when we venture outside, the problem is when exactly? <br /> <br /> So, markets are cyclical - big deal! What we would like from an expenditure theory, is the likelihood of the event - i.e. when could it be probably to occur. If you think you know anything, you will maybe need to compare about <a href="http://www.youtube.com/watch?v=iiElzrZ1roc" rel="nofollow">go</a>. <br /> <br /> Elliott wave theory can be an objective investment theory - but there is no detachment in it at all! <br /> <br /> It is all a subjective interpretation of peaks and troughs, in any timeframe you prefer! <br /> <br /> Does this sound a rational predictive theory for you? <br /> <br /> The Theory <br /> <br /> Predicated on rhythms present in nature, the theory implies that the market goes up in a series of five waves and down-in a series of three waves. Visiting <a href="http://youtu.be/iiElzrZ1roc" rel="nofollow">source wave</a> possibly provides suggestions you can give to your friend. <br /> <br /> The difference between the Elliott wave concept and other cyclical ideas is that the theory indicates no absolute time requirements for a period to perform - well thats a lot of help! <br /> <br /> The subjectivity is really great in Elliott trend, that similar to ideas, everything is explainable in hindsight - but the difficulty is in fact predicting the future. <br /> <br /> There are numerous interpretations of the particular peaks and troughs in several time-frames, that everybody will see them differently, this is hardly the cornerstone of a predictive theory. <br /> <br /> Elliott wave theory claims to be able to predict the market - but gives no objective way of doing it in practice. <br /> <br /> Who uses Elliott Wave Principle? <br /> <br /> 1. Investors who want an easy way to make money, and are drawn to the mysticism of such methods as the Fibonacci number sequence, to predict market retracements. <br /> <br /> 2. People who rely on the false assumption that you could want a simple way to generate income - and predict market behavior in advance. <br /> <br /> How Markets Actually Move <br /> <br /> Market prices are a reflection of the following: <br /> <br /> Supply and demand fundamentals + individual therapy = value activity <br /> <br /> This looks simple, but is in reality, complex picture - that is impossible to estimate beforehand. <br /> <br /> Trading areas via complex analysis is focused on putting the probability and odds in your favor, and only that. It's NOT really a way of predicting the near future. <br /> <br /> Are there better theories than Elliott trend around, for making money from the areas? - A superb exercise would be to poll the entire top performing fund managers in the world and observe most of them take the theory seriously. <br /> <br /> Subjectivity and predictive dont mixture! <br /> <br /> The Elliott wave theory is just a predictive theory that leaves every thing to subjective analysis. <br /> <br /> If Elliott had resolved a predictive principle, why didnt he give a goal way to generate income from it? - Like most predictive concepts it doesnt work. <br /> <br /> We would all know the thing that was likely to happen, if all people could anticipate the market in advance - and there would really be no market at all, as we would all know the market price in advance! <br /> <br /> Elliott wave theory is supposed to become a predictive theory, however the only thing you can predict with it, is you'll lose your hard earned money.</div>

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