DOW 25,000 By 2011 - Part 8 of 10

Elliott Wave analysts (or "Elliotticians") may not need to look at a price chart to judge where a market is in its wave pattern. Each wave has its own "signature" which often reflects the psychology of the moment. Understanding how and why the waves develop is the key to applying the Wave Principle; that understanding includes recognizing the characteristics described below.[2]

These wave characteristics assume a bull market in equities. The characteristics apply in reverse in bear markets.

Grand supercycle: multi-decade to multi-century
Supercycle: a few years to a few decades
Cycle: one year to a few years
Primary: a few months to a couple of years
Intermediate: weeks to months
Minor: weeks
Minute: days
Minuette: hours
Subminuette: minutes

ABIX, ACCL, APLX, ATSI, BIOF, CHNR, CPWM, CRDC, DATA, FSTR, GCBC, GENR, INSW, INXIW, JRJC, PINN, REFR, SLXP, SPIR, TPTX, TSCC, UBCP, VIRC, WBPRN, WINN, ANV, AXK, BKR, BYW-WT, BZI, DCU, DDD, EAD, ETC, HDS-WT, HWK, IMM, IRN, IVA, PLG, PLX, PNS, SRS, SVA, THK, TKO, TTG, UPI, WSB, YMI, APU, CAE, CFI, CHP, COA, CXO, DEP, DRL, DVR, EJ, ENT, EXM, FLO, FRX, GNK, JQC, MDG, MZ, NCV, OII, PIR, TPX, VC, WPL, WTI

Category:

Howto & Style

Tags:

• ABIX
• ACCL
• APLX
• ATSI
• BIOF
• CHNR
• CPWM
• CRDC
• DATA
• FSTR
• GCBC
• GENR
• INSW
• INXIW
• JRJC
• PINN
• REFR
• SLXP
• SPIR
• TPTX

[muathedotcom]

Thanks and hopefully we will take advantage of any upside in the general market... Good luck to you :)

[toddsanders84]

lol @ anyone who took your advice in 2007, the end of the bull market

[vashon100]

What the hell were you thinking. waaaaaaaaay off. The idiot wave theory sux. I guess the crash preempted parts 9 and 10. I can't believe you left these up. LOL.

[combtkid]

The X scale on the charts shows the DJI to be 25,000 in 2009 not the 8500 level as it is at present.

The Eliot wave theory is very clever and is uncanny in that it will count correctly in hindsight. It rarely does for the user however in the present.

The famous calls(3rd or 4th time lucky!) R N Elliot made were at price support bottoms that had been made years earlier - The DJI just recently breached the previous 2002 low of 7200 by bottoming??? at 6500 from a peak of 14200.

[HoLiable]

This video is so relaxing with his soft voice, humor and background music, but as for the financial advice, you'd better go elsewhere, like the original sources (Harry S Dent)

[creamcar]

Dude, this is a GREAT video!  There is a lot of money to be made here! Hope all of you will take advantage of this information and apply it.