Elliott Wave Update 07_15_11

Elliott Wave analysis of recent movements in the US Dollar Index and the Dow Jones Industrial Average. This video builds on the information in last week's video. If you have not seen that video, yet, you are encouraged to review it first.

Nothing in this video is to be taken as trading or investment advice. This video is educational only and explores whether or not the Elliott Wave theory can be useful in determining market direction. It also serves as education on Elliott Wave Theory and on recent market history. It is not a solicitation to buy or sell any securities. Market participation can be a risky endeavor, and cause loss of some or all capital. Consult your financial adviser regarding the suitability of market participation regardless of any information in this video.

The information contained herein is exclusive to the "studyofcycles.com" and is subject to the applicable copyright laws. Reuse or republication without the expressed consent of the author is prohibited.

Category:

Science & Technology

Tags:

• Elliott
• Elliott Wave
• Stocks
• Stock Market
• Technical Analysis
• Dow Jones
• DJIA
• NASDAQ
• S&P
• SPX
• FTSE
• Shanghai

[xyzuth]

Hey Joe, I would like to start of by saying thank you for these videos. Through these videos, my interest in Elliott Wave has grown which led me to read a couple of books on EW. I also want to point out that you have been on the wrong wave for over a year now. I know if you keep your bearish bias out of it, you will discover the right count. I wish you good luck on doing so.

[ElliottTrader]

@xyzuth Very welcome and thanks for the comments on the video. We agree an analyst should have no bias, unless your comment means we should always have a bullish bias? Ways to help eliminate bias, any than other justified by the counts are continually being worked on. Any ideas you have will be welcomed. By the way one of the reasons past counts are always reviewed is to see if there were any better counts. Cheers.

[ElliottTrader]

@GoForFit In no way does my video imply that the dollar is a straight replacement or bear a linear inverse relationships to stocks. Your comment regarding the percentage decline of the dollar versus stocks implies that and this video does not. There are times when the dollar is correlated, times when it is not, and times when it is inversely correlated. The only point of the video is that the ruler is stretching and bending at the whim of the regulators, to some degree.

[ElliottTrader]

@Andronichuk OK. Thanks for the reply. Yes, the math in that count works. And thanks for the EWP reference. Of course, then the wave does not meet the channeling guideline from the wave (2), low. Not a big deal, as its a guideline, but maybe there is some work to be done on which impulse waves channel, and which don't because of which wave the extension is in.

[ElliottTrader]

@GoForFit No, there is no relationship. 

[ElliottTrader]

@GoForFit Again, Elliott did not have to deal with 1) currency translations, 2) stock index futures markets, and 3) multiple "split" markets such as twice the volume going to the Nasdaq versus the NYSE (or DOW stocks). Your criticisms are ill-founded unless you offer an alternative.

[GoForFit]

@ElliottTrader Except RN Elliott validated his theory by doing a good job of predicting the future. Your counts and neo theory have been largely 180 degrees wrong. The "flexible dollar" is down all of 4% since 1992. Seems like an excuse to blame wrong counts on government / currencies whatever. There's always something. The dollar is only down a few % since your first on many "tops" circa Feb 2010. The S&P is up 30%. I think it's misleading to lay the stock market rally on the dollar.

[GoForFit]

@ElliottTrader I think T1 systems has had "better" counts. That's why I was curious if he now works for you. He pointed out the running triangle count you just adopted in late May. Even your color schemes have started to look like his.

[alikajasi]

Excellent teaching of how to expect pricemovements and how to consider alternative counts!

[Andronichuk]

@ElliottTrader Also I remembered this video I did around a year ago looking at the long term picture alternative to the EWI outlook, not sure of you remember this vid?

See what you think, might give you another idea for your big picture view to consider.

It is quite long, so I would advise jumping certain parts where I just rant :)

youtube.com/watch?v=wZAFZDWUCG­E