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So You Wanna Learn Elliott Wave Analysis? Part II
Part II of the five-part series tells you more about this fascinating market forecasting method.

by Alan Hall
2/23/2009 7:15:00 PM

In the first article of this series, you learned the basics of Elliott wave patterns. Now let’s take a look at how we can (or can't) identify completed wave structures in order to see where the market is within a larger pattern (or trend). Then we’ll use the Three Rules of Elliott to decide where it is likely to go, and use "alternate counts" to order the probabilities.

Filed Under: three rules of elliott, fibonacci
Category: Stocks


Cocoa: You Don't Want To Miss Next Wave
Are Cocoa prices positioned for a decline?

by Vadim Pokhlebkin
5/7/2008 6:15:00 PM

You may know that one of the Three Rules of Elliott states that, "Wave 2 can never retrace more than 100% of wave 1." By applying this rule in your trading, you always know the exact price point where your "wave 2" is no longer a wave two. Which means that you always know the exact price point where to place your stop-loss...

Filed Under: cocoa, three rules of elliott
Category: Commodities


Cocoa Futures: Rules of Elliott – Important Nuance
Elliott Wave International describes an important nuance about a rule of Elliott as it applies to the Cocoa futures market.

by Vadim Pokhlebkin
3/11/2008 5:30:00 PM

In yesterday's story about Soybean futures, we talked about the Three Rules of Elliott. Today, let's look at the second rule: "Wave 3 is never the shortest among waves 1 and 5," as it applies to the current picture in Cocoa futures.

Filed Under: soybeans, futures, cocoa, three rules of elliott
Category: Commodities


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> Wars: Do they affect the stock market's Elliott wave patterns? 
> Market manipulation: Can wave patterns detect it?  
> Warren Bufett: Doesn't his latest major purchase boost market mood? 
> George Soros' Reflexivity Theory: Similar to Prechter's socionomics? 
> College tuition: Will it cost more or less in a deflation? 
> Currencies: How do I count Elliott waves between cash and futures? 
> Weekends and trading halts: How do they factor into Elliott wave count? 
> Crisis Part II: Who will people blame if stocks crash again? 
> Socionomics and 'The Wisdom of Crowds': Any connection? 
> Do you know of any mutual funds that use Elliott wave analysis? 

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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.