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  #11 (permalink)  
Old 24-03-2009, 11:43 PM
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Another one, I was pretty accurate on this forecast back in 2005/06

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Old 24-03-2009, 11:57 PM
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Originally Posted by CreditViolet View Post
Even though I have discarded using EW as a method, studying its varying aspects has helped me to understand the "Vertical Aspect" of the market. Later on after studying MP - which is the 'Horizontal Aspect" has given a well rounded understanding of market behavior.

Elliott himself was a dow theorist.So insight into market's behaviour is expected on that line from him.And surely market moves in waves.The esoterism comes when it is attempted to derive a 'law' from the perception.The Neely content of EW is too much.But Elliott himself tried to put his observations in fine principles.Anybody who read EW will accept this.:nod:
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Old 25-03-2009, 12:20 AM
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Originally Posted by CreditViolet View Post
Even though I have discarded using EW as a method, studying its varying aspects has helped me to understand the "Vertical Aspect" of the market. Later on after studying MP - which is the 'Horizontal Aspect" has given a well rounded understanding of market behavior.

So for the 'Vertical Aspect' understanding EW helps.:smile:

(One has to know how to tickle properly.:nod
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Old 25-03-2009, 12:21 AM
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Originally Posted by CreditViolet View Post
Putting the market into 'modes of behavior' is one useful aspect from EW.

'Modes of Behavior'
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Old 25-03-2009, 12:23 AM
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Originally Posted by Saurabh View Post
I believe there are better guys than me here, particularly expecting CV's comment

Learned EW in my first year of trading, as such it had good influence over approaching price.

1. The first thing noticed was the fractal nature of numbering waves, impulse inside impulse and so on. Deduced that most chart patterns like triangles, double tops, congestion zones etc. are repetitive when we jump from one time frame to another. This had imp influence always in framing strategy... going thru multiple time frames.
2. Read from Ellioticains that euphoria is a very good indication for end of upmove. This again is applicable from weekly to 5 min frame. Intraday squeezes signify just when the public swings to ONE mood they are trapped in losses.

For next two points deferring to CV. Go through his blog, a good setup there

About discarding.. the thing hate most is 'analysis'. Man, was feeling like a journalist after making three posts on a single candlestick the other day

Fractal Nature.
MTF (Multiple Time Frame).
Mkt Sentiment.
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Old 25-03-2009, 12:24 AM
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Originally Posted by CreditViolet View Post
Scenario Thinking is another plus point.


WHAT IF

(Spatial Thinking)

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Old 25-03-2009, 12:26 AM
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Well we have just scratched few ponderable points,let us see how we are being guided further.
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Old 25-03-2009, 12:27 AM
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Old 25-03-2009, 12:35 AM
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within 3 hours, so much interesting and educative views
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Old 25-03-2009, 12:38 AM
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earlier I had a stint with ICICIdirect. On their site they give technical analysis by Vivek Pattil. they say he is the foremost elliotwave analyst in India. Most of the time his prediction are accurate. Still I remember some time back in 2007 or 6, he said, market has to reach a certain level within a certain time frame and then it has to fall a whopping 2500 points or so in 7 trading days maximum as per his preferred scenario. I never thought it is going to happen with the prevailing sentiment in market at that time. But it fell and it was a real blood bath. Now not tracking him because stopped trading with ICICI and they made it a client only service.
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