Elliott Wave Theory

Originally Posted by debrajpaul

I Wanna Have Advanced Get Eod Can Anybody Suggest A Price

Originally Posted by rahi

Hello Friends,

I read articles from different traders on Elliott Wave and that forced me also to write something as I am a follower of Elliott Wave Principles and also Advanced Get.

To my surprise, how can one say that something is bad. Just because he or she failed? Someone who make these indicators are not fool and they proved it.

About Elliott Wave : Elliott wave principles are based on the same principle as technical analysis. As per Elliott Wave, market repeat itself again and again and in a same similar 8 wave patter. 1st wave - Up, 2nd wave down, 3rd wave again up, 4th wave down, 5th wave up and that ends of a rally. 6th wave or 1st bearish wave down, 7th wave up and last 8 wave down and that complete downward cycle also. In total these 8th waves complete the entire cycle of Bullish and Bearish Market.

The problem is with Elliott is counting of waves. I read the best Elliott Waves analyser's column also, he also did mistakes few times, so being a novice analyst, we are suppose to do the mistakes.

What Advanced Get can do: Advanced get is the best software available for analysing Waves. I saw the article, Mr. Arun invested heavily in Advanced Get and than also he lost. Poor Fellow It's not a fault of Advanced Get, it must be the mistake of Arun. Softwares are not Holy Grail. One have to learn Software before using it. In Advanced Get's help section, they have clearely mentioned 2 techniques to invest based on Advanced Get.

Secondly, as per Elliott wave principles, 3rd wave is the longest and very powerful wave. So, it's very simple rule, when advanced get will give any scrip 2nd wave, than start ready for 3rd wave, once 2nd wave is over, do your own analysis, study some of the other indicators like preferably MACD, Stochastics and/or Moving Average Cross Overs.

I give you one example, just open the weekly chart of BSE. And you will be surprise to see that how beautifully Elliott Wave Analysis are there. Wave 1,2,3 & 4 is very clear. Now market is coming up, which is a clear mark of 5th and the last wave. I analyse this situation before 2 months and since than market is keep coming up. Look for the other principles of Elliott Wave.

As per Elliott Wave, in the 5th wave, usually one will not find blue chip scrip moving fast. Instead of Blue chip scrips, other stocks will move fast. Blue chips scrips will move in random. Even though market will be coming up, there will be an atmosphere of uncertainty. Just check it out urself what is going on presently in our stock market.

At last, I would like to adviced to my trader friends, to concentrate on the Art of Technical Analysis. Technical Analysis certainly helps. It helped others and it will help you too, you just have to learn the art of technical analysis and should know in-depth a good technical analysis software. That's it

Thanks
Rahi.