• 545 days Will The ECB Continue To Hike Rates?
  • 545 days Forbes: Aramco Remains Largest Company In The Middle East
  • 547 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 946 days Could Crypto Overtake Traditional Investment?
  • 951 days Americans Still Quitting Jobs At Record Pace
  • 953 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 956 days Is The Dollar Too Strong?
  • 956 days Big Tech Disappoints Investors on Earnings Calls
  • 957 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 959 days China Is Quietly Trying To Distance Itself From Russia
  • 959 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 963 days Crypto Investors Won Big In 2021
  • 963 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 964 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 967 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 967 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 970 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 971 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 971 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 973 days Are NFTs About To Take Over Gaming?
Joseph Russo

Joseph Russo

Joe Russo is an entrepreneurial publisher and market analyst providing digital online media solutions designed to assist traders and investors in prudently and profitably navigating…

Contact Author

  1. Home
  2. Markets
  3. Other

Big Bang Or Bust

Two Sides to Every Argument:
From an Elliott Wave perspective, one can argue with good cause, that the Dow Jones Industrials are en-route toward retesting the depths of their 2002 bear market lows. The magnification of weekly closes from the October 2007 top, display a textbook series of impulsive declines at three degrees of trend. Case closed:



Objection:
Bullish perspectives also remain plausible. The bullish argument, backed by 34-years of stunning accomplishment from the depths of their 1974 bear market lows, the Industrials show no sign of structural breach at their largest degrees of trend - at least not in nominal terms. Case closed:



The Grand Jury at Super-Cycle Degree Denied this Hearing:
The argument as to which wave structures prove to be correct is irrelevant. What is relevant is the fact that such possibilities exist. Given that guidelines to these distinct structures are identifiable, the means by which one respects their evolving message is of utmost relevance and practical utility.

Two Sides to Every Trade:
Elliott Waves are on neither side of any trade, tactical market orders are. As we attempted to convey in Strategic Command and Control, wave-counts play a minor role in executing trade and investment strategy. What govern successful strategies are respected disciplines together with tactical deployment of speculative capital that responds to real-time price action regardless of ancillary wave guidance. Wave counts serve only as a general guide in monitoring which outcome currently has the upper hand.

Wave Counts and Trading:
The take-away is this: Although exquisite and impressive in both hindsight and real-time, Elliott Wave analysis serves only in providing forward vision to several plausible paths the market will take in its dynamic evolution, especially at the largest degrees of trend. By effectively monitoring guidance systems of this profound nature, one can then begin to develop investment and speculative strategies to profit smartly from the vast array of endless possibilities the wave structures will inevitably adopt. Defined clearly, strategy-specific rules of engagement together with accurate wave guidance will soon have one trading like a Spartan Warrior.


Come spend the summer with Elliott Wave Technology...
...And you may never again trade the indices without us-

The express focus of Elliott Wave Technology’s charting and forecasting service is to anticipate price direction and the future course of broad market indices over the short, intermediate, and long-term.

We deliver our unique blend of proprietary charting protocols daily with the express intent to convey timely information. Our daily reports convey strategy-specific guidance, which strives to anticipate, monitor, calibrate, and observe market impact relative to a multitude of signals and triggers generated, which are in alignment with eight distinct and clearly defined trading strategies suggested by the author.

Should one have interest in acquiring access to our long-term technical analysis and/or utilizing our proprietary trading strategies, we invite you to visit our web site for more information. For immediate access to broad market coverage in all time-horizons, one may subscribe directly to the Near Term Outlook.

Trade Better / Invest Smarter...

 

Back to homepage

Leave a comment

Leave a comment