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Skilled Elliott Wave Practitioners Can Get Certified – Here’s How

“Instead of extrapolating straight lines … Elliotticians extrapolate Elliott waves”

by Bob Stokes
Updated: August 24, 2021

Legendary investor Bernard Baruch made his fortune in the stock market in the early decades of the 20th century. He said:

What actually registers in the stock market's fluctuations are not events themselves, but the human reactions to the events.

In his own way, this multimillionaire and adviser to U.S. presidents was describing the dominant role social mood plays in the price trends of the stock market.

"Events" and news -- corporate earnings, earthquakes, presidential elections, central bank announcements, even war -- do not govern the stock market's trend. The collective mood of investors does.

Are investors optimistic? If so, the stock market will go up. Negative news will be brushed aside.

Are investors pessimistic? If so, the best earnings season in a generation will fail to lift the market.

Here's what you need to know: The Elliott wave model directly reflects the patterned swings in the mood of investors, indeed, in the broader mood of society generally.

As Robert Prechter's landmark book, The Socionomic Theory of Finance, says:

To explain and predict social change, socionomic theory rejects the paradigm of linear progression and exogenous disruption and replaces it with fractal progression and endogenous consistency. Instead of extrapolating straight lines... Elliotticians extrapolate Elliott waves.

Consider this graph and Bob's description from the book:

Linear

[The graph] depicts the fractal movements of the stock market as described by an idealized version of the Elliott wave model. The arrows show how conventional futurists approach forecasting. Because they project trends linearly, they are most convinced of an old trend's continuation at the very time when waves at several degrees of trend are culminating.

How important is the socionomic theory of finance to market technicians?

As Bob Prechter answers in the book:

"It's the basis for the whole profession."

So, if you're an individual trader, financial professional or a market technician -- you will benefit by mastering the Elliott wave model.

Or, you may already know the Elliott wave model inside out. If so, please think about putting your knowledge to the test via the Certified Elliott Wave Analyst program (CEWA). It's the definitive certification for Elliott wave practitioners -- below I explain more about the benefits.

First let us also acknowledge another path that some finance professionals take in hopes of enhancing their careers. It's the program to become a Chartered Financial Analyst (CFA). Earning that designation typically requires several years, including a series of difficult exams.

However, in an August 18 Bloomberg article, an investment strategist had this to say:

My biggest criticism of the CFA program is that it doesn't necessarily make you a better investor... None of the really interesting things that are happening in finance these days, like the study of sentiment and psychology, are covered in any detail by the CFA program.

On the other hand, Elliott Wave International regards the role of investor psychology as paramount.

That gets us back to the Certified Elliott Wave Analyst program, which is offered by Elliott Wave International.

You can learn more about this program by following the link below.

Earn the Coveted “Certified Elliott Wave Analyst” Distinction

If you are a financial professional, analyst or trader who applies the Elliott wave method, Elliott Wave International's "Certified Elliott Wave Analyst" Program may be for you.

You can get the details by following this link:

Certified Elliott Wave Analyst


Learn How Social Mood Drives Financial Markets

Robert Prechter's landmark book, The Socionomic Theory of Finance, is a must-read for those who want to learn how social mood drives the trends of financial markets – not news or events.

Here's what Terry Burnham, Professor of Finance, Chapman University; Professor of Economics, Harvard, 1997-2004, has to say:

"The Socionomic Theory of Finance is the best book ever written on financial markets. It is humble & bold, broad & deep, and crystal clear yet mysterious."

Follow the link to get this "spellbinding" book and learn about a special offer:

The Socionomic Theory of Finance

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