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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Elliott Wave Theory and Financial Market Forecasts

Stock-Markets / Elliott Wave Theory Apr 16, 2007 - 11:29 PM GMT

By: Nadeem_Walayat

Stock-Markets

Elliott wave theory in the hands of experienced professionals, has time and again shown itself as an important indicator of future trend, a road map that is constantly adjusted in the light of unfolding price action.

If you have been following the various articles on Elliott Wave theory at the Market Oracle website, you will have experienced the usefulness of elliott wave theory in projecting targets both in terms of price and time with also clear examples of how unfolding price action adjusts the wave count expectations.

In a recent lengthy article (16th April), one of our contributors Joseph Russo illustrated this in his unfolding analysis of Gold over several months, and how at each stage Elliott Wave theory gave important clues in terms of probable price action, as well as how to interpret price action that deviated from the probable road map.


Now, contrary to what you may have heard, it takes far more than reading one book on elliott wave theory to become proficient in its application. And to become more than proficient takes years of specialization in its application. To become an expert of elliott wave theory would require more than 10 years of dedication, and you can basically count the number of elliott wave theory experts on one hand.

One of the most recognised experts in the field of elliott wave theory is Robert Prechter, virtually anyone who studies Elliott Wave theory will come across Robert Prechter's work on understanding and applying elliott wave theory, now spanning more than 30 years.

I, myself have made use of elliott wave theory for some 20 years now, though I do not profess to be any sort of an expert, since I have never sought to specialize in Elliott Wave Theory. However, I do recognize the accuracy and proper application of the theory At Robert Prechter's Elliott Wave International with more than 15 specialist elliott wave analysts.

It is in that light, why the Market Oracle has a close working relationship with ElliottWave.com, in recognition of their wide range of published work, experience built up over 30 years. and range of freely provided educational materials as well as a number of premium forecasting services covering most major market groupings that are a useful resource for any trader and student of elliott wave theory.

We have been able to secure FREE exclusive access for all visitors to the Market Oracle website to Elliott Wave.com's premium Financial Market Forecasting services without any obligation for 1 week starting 1pm EST, 18th April 2007 !

As mentioned above this is exclusive to The Market Oracle, and is only available via http://www.elliottwave.com/wave/marketoracle

Free Week Starts at 1pm EST 18th April 2007, and ends on 25th April 2007 at 1pm EST, free access includes :

  • The Financial Forecast Service includes Short Term Update (Mon., Wed., Fri.)
  • The Elliott Wave Financial Forecast (monthly)
  • The Elliott Wave Theorist (monthly).
  • Free 90 minute video: The Basics of The Wave Principle
  • and more...

This will enable you to experience how elliott wave theory should be applied to the forecasting of financial markets, and therefore in addition to being a useful trading resource, this will also represent an excellent learning opportunity for students of elliott wave theory.

Sign up for Free Access Now without any obligation to subscribe, and open your eyes to the proper application of elliott wave theory in forecasting financial markets.

By Nadeem Walayat

The Editor MarketOracle.co.uk

(c) MarketOracle.co.uk 2007


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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