This three-video series demolishes the widely held notion that news drives the markets and provides a basis for using Elliott wave analysis in your own trading and investing decisions.
For over ten decades, the mainstream financial world has embraced the view that external news events drive trend changes in the markets. In less than ten minutes, EWI's Senior Tutorial Instructor Wayne Gorman shatters that very idea into a fine dust, swept away into thin air.
Recall this expression from a famous, Nobel Prize winning economist:
"Economic reasoning will be of no value in cases of uncertainty."
But as Wayne puts it:
"Isn't that what we have in financial markets: cases of uncertainty? We need a different type of reasoning, one that will help us to avoid the pitfalls shown on the previous charts. That's why the Wave Principle is so important. It offers a unique perspective and a market discipline of rules and guidelines that help investors avoid buying at tops and liquidating at bottoms. It helps to explain and understand trends before they happen."
The flaw in Economics 101 -- cause-and-effect theory -- is one of the easiest things to prove. But it's also one of the hardest things for many investors to accept. Now is the time to do so through the Elliott Wave Crash Course video series.
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Wayne Gorman, CEWA-M, is a 40-year veteran risk manager and trader. He started out at Citibank, where he managed trading positions in money markets and derivatives. He traded full-time with his own capital for almost five years before. In 2013, Wayne co-authored the Amazon best-selling book Visual Guide to Elliott Wave Trading, published by Bloomberg Press. Wayne is also the author of multiple EWI trading tutorials.