Okay, you might be thinking this title is an oxymoron right? 
How can the Elliott Wave be mentioned in the same statement with the word objective, unless one states; "In EW analysis, there isn't any objectivity, it's all subjective!"
I took the poll, read the comments, and don't blame anyone for their negativity.
It is my belief, Elliott never divulged his entire discovery to the people he dealt with, and to Wall Street as a whole. Probably only to a few discrete friends, who also kept it under wraps: like Bolton, and possibly AJ Frost, etc. For the past two decades I have been applying a slightly modified EW to the stock market quite successfully, and this is the reason I make the statement above. If anyone digs deep enough and long enough into the Theory they will discovery nuances never mentioned, or they will conclude that it simply doesn't work.
Now, I'm not going to bore you with all the details. And, I'm not going to divulge the nuances either, sorry. However, what I will do is disclose on this very post, updating from time to time, where we are in the 2002 bull market and where we might be heading. Since I do believe that this forum will be around for the next two years, I think it will be a good place to do this in addition to my blog.
I feel if someone has a general idea of where the market is heading they can greatly enhance their profitability. Agree? I do not recommend trading, investing, or whatever on this information. It is for news and informational purposes only!
Where we are: COMPX
Super cycle low 1,114.11 on 10/09/02
Cycle wave one: to consist of 5 major waves
wave... level...... date concluded
Major 1 1,487.94 11/27/02 bull market kickoff
Major 2 1,271.47 03/11/03 normal correction a zigzag
Major 3 2,153.83 01/26/04 strong extended advance
Major 4 1,752.49 08/12/04 flat then zigzag: double 3 alternating correction
Major 5 then subdivides into minor waves:
minor 1 2,178.34 12/30/04 nice advance rising 24.3%
minor 2 1,904.18 04/28/05 normal double zigzag correction
minor 3 then subdivides into minute waves:
minute 1 2,218.15 08/02/05 moderate advance
minute 2 .......................... normal correction going on right now
Where we're heading:
minute 3 possibly a very strong advance
minute 4 correction alternating with minute 2
minute 5 advance completeing minor 3
minor 4 correction alternating with minor 2
minor 5 advance completing Major 5, and Cycle 1 and thus the bull market of 2002.
Remember, this is for informational purposes only. Only to be used as a general guideline of a series of probabilities, no guarantees implied.
Enjoy the ride. The bull is preparing to snort and gore some bears :eek:
How can the Elliott Wave be mentioned in the same statement with the word objective, unless one states; "In EW analysis, there isn't any objectivity, it's all subjective!"
I took the poll, read the comments, and don't blame anyone for their negativity.It is my belief, Elliott never divulged his entire discovery to the people he dealt with, and to Wall Street as a whole. Probably only to a few discrete friends, who also kept it under wraps: like Bolton, and possibly AJ Frost, etc. For the past two decades I have been applying a slightly modified EW to the stock market quite successfully, and this is the reason I make the statement above. If anyone digs deep enough and long enough into the Theory they will discovery nuances never mentioned, or they will conclude that it simply doesn't work.
Now, I'm not going to bore you with all the details. And, I'm not going to divulge the nuances either, sorry. However, what I will do is disclose on this very post, updating from time to time, where we are in the 2002 bull market and where we might be heading. Since I do believe that this forum will be around for the next two years, I think it will be a good place to do this in addition to my blog.
I feel if someone has a general idea of where the market is heading they can greatly enhance their profitability. Agree? I do not recommend trading, investing, or whatever on this information. It is for news and informational purposes only!
Where we are: COMPX
Super cycle low 1,114.11 on 10/09/02
Cycle wave one: to consist of 5 major waves
wave... level...... date concluded
Major 1 1,487.94 11/27/02 bull market kickoff
Major 2 1,271.47 03/11/03 normal correction a zigzag
Major 3 2,153.83 01/26/04 strong extended advance
Major 4 1,752.49 08/12/04 flat then zigzag: double 3 alternating correction
Major 5 then subdivides into minor waves:
minor 1 2,178.34 12/30/04 nice advance rising 24.3%
minor 2 1,904.18 04/28/05 normal double zigzag correction
minor 3 then subdivides into minute waves:
minute 1 2,218.15 08/02/05 moderate advance
minute 2 .......................... normal correction going on right now
Where we're heading:
minute 3 possibly a very strong advance
minute 4 correction alternating with minute 2
minute 5 advance completeing minor 3
minor 4 correction alternating with minor 2
minor 5 advance completing Major 5, and Cycle 1 and thus the bull market of 2002.
Remember, this is for informational purposes only. Only to be used as a general guideline of a series of probabilities, no guarantees implied.
Enjoy the ride. The bull is preparing to snort and gore some bears :eek: