• 1 day Alibaba Is About To Make History Again
  • 2 days Robinhood Users Are Latest Target Of Pandemic Hackers
  • 4 days The Hydrogen Boom Will Provide A $200B Boost To Wind And Solar Energy
  • 5 days Will The 5G Rollout Overshadow This Major Merger?
  • 6 days Corporate Bitcoin Holdings Boost Crypto Confidence
  • 7 days Indonesia Rolls Out Augmented Reality Innovation To Combat COVID
  • 7 days Banks Are Getting Rich On Pandemic Overdrafts
  • 8 days The Real Reason China Is Betting Big On Renewables
  • 8 days Europe Wants To End The Big Tech Monopoly
  • 9 days New Breakthrough Could Transform Rare Earth Mining
  • 9 days Waymo Set To Roll Out Fully Self-Driving Vehicles
  • 11 days Aramco Dividend Won’t Cover Saudi Budget Gap
  • 11 days Credit Card Debt Plummets Amid COVID
  • 12 days Biden Plan Targets “Wealthy” Taxpayers
  • 14 days McAfee Arrested In Spain On Tax Evasion Charges
  • 14 days South Asia Is Set To Unleash A Flurry Of IPOs
  • 15 days U.S. Takes Stake In Irish Battery Metal Producer
  • 15 days Jobs Report Paints Dire Picture of US Economy
  • 16 days Stocks Rebounding As Trump’s Condition Reportedly Improves
  • 18 days Election Proofing Your Energy Portfolio
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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