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Which Method Can Traders Use to Confirm an Elliott Wave Count?

Jeffrey Kennedy has developed a theory that guides his analysis

When you are watching a pattern develop on a chart, how can you be sure that your wave count is correct? The Elliott Wave Principle offers rules and guidelines that you can use to add confidence to your wave count.

Elliott Wave International’s Senior Analyst Jeffrey Kennedy spent years designing his own technique to improve his accuracy. He came up with the Jeffrey Kennedy Channeling Technique, which he uses to confirm his wave counts. The following excerpt from Jeffrey’s Trader’s Classroom lessons, a regular feature of his Futures Junctures Service, offers an overview of his method. Read the rest of this entry »

A Two-Bar Pattern that Points to Trade Setups

Some people like to get outside on the weekends, maybe playing tennis or working in the yard. Some people like to visit their friends or cook a big meal or go out to see a movie. And some people who are passionate about their work — such as Elliott Wave International’s futures analyst Jeffrey Kennedy — like to stare at hundreds of price charts on their computer screen to find patterns that point to trade setups. We used to worry for his health but not anymore, because he’s been doing it for years and he comes up with some neat stuff. A case in point is his discovery of a two-bar pattern that he named the Popgun. Find out more in this excerpt from the Club EWI eBook, How to Use Bar Patterns to Spot Trade Setups.


The Popgun
I’m no doubt dating myself, but when I was a kid, I had a popgun — the old-fashioned kind with a cork and string (no fake Star Wars light saber for me). You pulled the trigger, and the cork popped out of the barrel attached to a string. If you were like me, you immediately attached a longer string to improve the popgun’s reach. Why the reminiscing? Because “Popgun” is the name of a bar pattern I would like to share with you this month. And it’s the path of the cork (out and back) that made me think of the name for this pattern. Read the rest of this entry »

Learn How to Apply Fibonacci Retracements to Your Trading

EWI’s new eBook helps you identify trading opportunities

Elliott waves often correct in terms of Fibonacci ratios. The following article, adapted from the eBook How You Can Use Fibonacci to Improve Your Trading, explains what you can expect when a market begins a corrective phase. Learn how you can read the entire 14-page eBook below. Read the rest of this entry »

How You Can Make Yourself a Better Trader

Define Yourself: What Kind of Trader Are You?

The idea of being a successful trader is exciting. The reality of becoming one is another thing. You need to understand more than the markets — you need to understand yourself.

EWI’s Senior Analyst Jeffrey Kennedy knows what it takes. He has analyzed and traded the markets for over 15 years. Jeffrey has learned what it takes to be successful, and he has the discipline to apply that knowledge. Enjoy this excerpt from his free Club EWI eBook Best of Traders Classroom, in which he answers: What kind of trader am I?  Read the rest of this entry »

Beginner’s Guide To Understanding Market Charts

You don’t need computerized technical analysis to understand market trends

Being able to “read” a market chart is a rare skill even among professionals. Most investors focus on “the fundamentals”: Things like unemployment numbers, earnings, Fed statements, etc. But just like a picture is worth a thousand words, a chart can tell you a lot about technical conditions of the market — at a glance.

Modern-day finance has gotten so caught up in “computerized technical analysis with all the bells and whistles… that basic chart reading is a lost art form.” Kind of like cursive handwriting, or speaking in complete sentences vs text “slanguage,”   Read More

 

Market Myths Exposed: Inflation Is Not A Threat, Deflation Is

Most people are confident they can recognize a myth when they hear one: Wearing a hat causes baldness; eating a bunch of carrots gives you perfect vision; 'light' cigarettes are better for your health than the regular kind. But what about this sentence: Inflation is the number one threat to the US economy? Myth? You betcha. Read the rest of this entry »

Your Cheatin’ Chart Will Tell On You

Hank Williams may not have known about Elliott waves, but he did know when a story doesn't add up. Such is the case with the nominal rise of the Dow Jones Industrials from 2000 to 2007. In the language of country music, this stock index has a "Cheatin' Chart" -- it doesn't tell the real story. Read the rest of this entry »

Bob Prechter Reveals the Most Dangerous Gold & Silver Myths

Right now, the gold BULL-ion bandwagon is more crowded than a New York subway train during rush hour. But before you squeeze your way into the crowd of passengers, you should know one thing: Those steering the course are using outdated maps based on ill-conceived notions and illusory hopes. Read the rest of this entry »

Gold: Best Supporting Role In Economic Downturns? Think Again

Everywhere you look, from the Red Carpet to Wall Street, gold is definitely in "fashion." As for why, one word comes to mind: safe-haven. See, according to the mainstream financial experts, the more unstable the global economy, the greater the appeal for the precious metal. These two charts from EWI President Bob Prechter offer another perspective. Read the rest of this entry »

What Does NOT Move Markets? Examining 8 Claims of Market Efficiency

Economists love to talk about exogenous shocks -- events outside of the financial system that cause markets to move. But what if it's just talk and not real at all? Read the rest of this entry »
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