Elliot wave theory has an enormous and devoted following - shame the theory has no basis of sound reasoning that will help you earn money!

Elliot trend concept likes significant recognition - being called higher level technical analysis, by editors and several brokers.

Elliot wave theory has a huge and loyal following - pity the theory has no basis of sound logic which will help you make money!

Lets look at Elliott wave theory in increased detail and then look at reasonable market research.

The idea was named after Ralph Nelson Elliott, who concluded in his book natures law that the movement of financial markets may be predicted by observing, and pinpointing a recurring pattern of waves.

Elliotts Profound Statement

Elliott came to the conclusion that organic phenomena are cyclical - and including the financial markets. This is true, but we know that anyhow - we know that at some point in our lives, we can feel rain when we venture outside, the question is when exactly?

So, markets are cyclical - big deal! What we want from an investment theory, is the probability of the function - i.e. To study additional info, please consider having a gander at: http://finance.9wsyr.com/inergize.wsyr/news/read/30969755/advanced_5%C3%975. when could it be most likely to occur.

Elliott wave theory is an objective expense theory - but there is no objectivity in it at all!

It's all a subjective interpretation of troughs and peaks, in any time frame you like!

Does this sound a logical predictive theory for you?

The Theory

Centered on rhythms found in nature, the idea shows that the marketplace moves up in a series of five waves and down-in a series of three waves.

The difference between your Elliott wave theory and other cyclical concepts is the fact that the theory suggests no absolute time requirements for a pattern to perform - well thats lots of support!

The subjectivity is so great in Elliott trend, that like most concepts, every thing is explainable in hindsight - but the trouble is obviously predicting the near future.

There are numerous interpretations of the particular peaks and troughs in several time-frames, that everyone might find them differently, this is hardly the foundation of a predictive theory.

Elliott wave theory promises to help you to predict industry - but gives no objective means of carrying it out in practice.

Elliott Wave Theory is used by who?

1. Investors who want an easy way to make money, and are drawn to the mysticism of such tools while the Fibonacci number sequence, to predict market retracements.

2. Investors who rely on the false assumption as possible want a simple way to earn money - and predict market behavior beforehand.

How Markets Really Go

Market prices are a reflection of the following:

Supply and demand fundamentals + individual therapy = value action

This seems easy, but is in fact, complicated equation - which is impossible to predict in advance.

Trading markets via technical research is about putting the odds and likelihood in your favor, and only that. Learn more about http://finance.47cbs.com/inergize.kgpe/news/read/30969755/advanced_5%C3%975 by browsing our powerful portfolio. It is NOT really a method of predicting the future.

Are there better practices than Elliott wave around, in making money from the areas? - A great exercise would be to observe many of them get the theory seriously and poll the entire top-performing fund managers in the world.

Predictive and subjectivity won't combination!

The Elliott wave theory is really a predictive theory that leaves every thing to subjective analysis. I learned about Advanced 5×5: Review Examining Elliott Hulse's Workout Program Released by browsing Yahoo.

If Elliott had exercised a predictive theory, why didnt he give a goal way to make money as a result? - Like most predictive theories it doesnt work.

If all investors could predict the market in advance, we would all know the thing that was going to happen - and there would really be no market at all, as we'd all know the market price in advance!

Elliott wave theory is meant to become a predictive theory, but the only thing you can foresee with it, is you will lose your hard earned money..