The Elliott Wave Principle

amitt29 · #1 13th September 2006, 06:33 PM

Hi,
There has been huge confusion on the Elliott Wave Principle,one mans wave 5 is another mans 3.After a bit of search i found this basic audio visual tutorial on the Wave Principle.You can go thru it at ur own pace.But u will need a Broadband connection.
Id be happy to answer any doubts.Strictly related to The Elliott Wave and not outlook on the markets.

http://www.elliottwave.com/education...=789&lesson=16

Cheers.

murali1979 · #2 13th September 2006, 06:46 PM

Dear AMit

Extremely thankful

Murali

shethharsh · #3 13th September 2006, 07:30 PM

Hey amit ,

Im a complete newbie to TA . Can u plz suggest me some good books to understand the elliot wave principle .

Thanks
Harsh

amitt29 · #4 13th September 2006, 07:49 PM

Hi Harsh,
Ive found Robert Beckman's Elliott Wave Explained very laidback and interesting.Its published by Visionbooks and available in major cities.

Thank You Murali.

Regards
Amit

munchikana · #5 13th September 2006, 10:08 PM

How could we forget the excellent job done by Traderji himself in this regard? I have purchased Elliott Wave Principle: Key to Market Behaviour by Frost and Prechter and another book from Traderji himself just for Rs. 500/-. Both are excellent. I do not know whether Traderji is having some more copies of these books. Interested members can send a PM to Traderji and ask for copies.

Alleppian · #6 14th September 2006, 07:10 AM

Thanks Amit for the link
I am going through elliot wave theory for the first time as a beginner.Can somebody please verify is the drawing i made is correct or not in Suzlon (attached)
Thank you

amitt29 · #7 14th September 2006, 11:00 AM

Quote:

Originally Posted by Alleppian

Thanks Amit for the link
I am going through elliot wave theory for the first time as a beginner.Can somebody please verify is the drawing i made is correct or not in Suzlon (attached)
Thank you

Hi, very good labelling i must say.Its indeed showing that 5 is underway.But ur wave 4 overlaps with wave 1.So we can label this whole move as leading diagonal(present in wave A positions and Wave 1).So ur previous labelling becomes important.

Hope this helps.

Alleppian · #8 14th September 2006, 10:25 PM

Thanx amit

bvpraveen · #9 5th April 2007, 04:36 PM

Hello all,

I'm following Robert Beckman and I've some doubts in EW. I will ask them one by one.

The correction following the 5 motive waves will be of greater amplitude than anything experienced before in the same cycle. So the corrections, Corr = Max(Wave 2, Wave 4).

My doubt is whether this correction - Corr, is referred to Wave A or the entire corrective waves Wave A-B-C? Eg. if wave 4 was greater than Wave 2, say 100 points. Then whether Wave A will be 100 points min or the entire corrective waves A-B-C together will be 100points min?

I hope the question is clear.

Thanks in advance,
Praveen.

bvpraveen · #10 5th April 2007, 05:28 PM

Hi,

Are the below properties mandatory in every occurrence or any exceptions are there?

1. Wave 3 is always greater in both time and amplitude than wave 1 and wave 5.

Although I think this is mandatory, I think I'd seen some situations(in the book), where these conditions were violated. May be I can be wrong.

2. Wave 4 doesn't retrace below wave 1 top.

Thanks,
Praveen.

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