Dow Jones, GBP/USD & EUR/USD Elliott Wave Weekend Review (05/09/2010)

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Bill from T1Systems:
http://www.youtube.com/user/T1systems



This is my interpretation using Technical Analysis and Elliott Wave Theory to look at financial markets. Elliott wave is my preferred tool when looking at the stock market, I believe that it can work to reflect the "psychology" of the market quite accurately.


This video should NOT be taken as investment or trading advice.

Category:

Education

Tags:

• FTSE
• 100
• Dow
• Jones
• Elliott
• Wave
• Theory
• Robert
• Prechter
• Technical
• Analysis
• S&P
• 500
• Gann
• Financial
• Trading
• Charting
• Schiff
• Stock
• Market
• Wall
• Street
• Crash
• Broker
• Wrong
• Count
• Bull
• Inflation
• Deflation

[jpandyaraja]

p.s i only use elliot wave as my sole input...i do everything i can not to read any

" fundamental research " i find this combined with elliot wave can lead to

"cherry picking "and as one can see with prechter, it can lead to insanity

...

by predicting waves we automatically predict the economy .....colinearity is

not the key to sucess, quite to the contrary it leads to false sense of security..

[Andronichuk]

@jpandyaraja Yeah Prechters "Socionomics" is quite worrying I find....

he seems to be surrounding himself in a spiral of self justifying trend identification methods... and thus almost dogmatic in his outlooks.

Personally when it comes to Fundamentals, the best I have to go buy is the economics I am learning along the way. Most of the stuff taught at university these days seems to be nonsense... so I try and study Austrian School economics in my spare time.

But I fully agree with you

[T1systems]

Very kind of of you to mention the link.

Thanks Max!

[Andronichuk]

@T1systems No problem Bill :)

[jpandyaraja]

@Wak3UpZombi3s not a popular job these days...

[Wak3UpZombi3s]

@jpandyaraja you manage a massive fund ? shit ...

[Wak3UpZombi3s]

Hahahaha i was totally tripping balls when i first watched this

[orangedac]

@Andronichuk

I don't understand it myself.

Despite being in the greatest deflation since the great depression, prices of groceries, fuel, taxes, fees, medical, dental..etc. go one way only - and that's up. What's deflating/stagnating is my salary and interest on savings. In real terms its being eaten away by some idiot central banker publishing fake inflation statistics.

You should pilot your way into a major bank and wreck the system from the inside out for us little folk.

[jpandyaraja]

@Andronichuk i am glad you are moving to austrian schools on this subject...

the biggest problem in any kind of analsys is " the heisenberg principle "....

basically the structure of what you see changes the more you analyze it....and elliot

wave is there to prevent just that...it is really a fractal application......and the continental

school is much closer to this than the anglo saxon approach...

[Andronichuk]

@jpandyaraja Hey Jpandyaraja,

Thanks for your last comment about my work, real compliment and I take it as such.

You mentioned you manage one of Europe’s largest commodity funds. Just interested to ask a little about this, hope you don't mind.

Obviously being a student at the moment, I am always interested to try and get as much advice and ideas from more experienced financial experts before I graduate to make finding a job in finance as smooth as possible.

Many thanks,

Max

[Andronichuk]

@orangedac Well personally I still cannot understand exactly why the paper money that is being printed in vast quantities will rise in value... I understand the arguments of defaults etc... but for me the face remains that Cent. Banks are continuing the process of debt monetisation but now on steriods.

I guess if you look at asset values in REAL terms, they have deflated over the past 15-20 years... I suspect the gold values represent this.

But prices of food, fuel etc falling? surely not?