World Indices Roundup - Jan/Feb 2018 Major Top?

Good Charts Alex,it may well come that some investors are waiting for price to return and retest the old level of support as the bear market we are now in ,bears sell at resistance they never seem to sell at support or breaks of support as soon as resistance they sell..

 

@Pleep Yes they are everywhere and can be co-existing. Once you learn how to subdivide waves it actually makes thing clearer to understand. Waves always subdivide into further waves for example a wave 1 will almost always subdivide in to a smaller degree 5 wave impulse set (if not you ain't got a wave 1!) and wave 2 will normally subdivide into a 3 wave retracement set and be most commonly be a what we call a 'sharp' correction etc etc. Too much to explain here. Larger context time frames are the most important ones.

Don't worry to much about the fractal recognition that part is tough and takes a lot of experience to get a handle on. Try reading the Prechter books, not easy going but important if you are serious about gaining understanding

Elliott is only one piece of the TA picture, it can be subjective and not everything can be labelled. I only use what is clear and conforms to the known patterns with repeating structures. The 5 wave impulse & 3 wave retracement set is by far the most important concept to master.

There are no definite rules, only probabilities. It is like doing detective work with sometimes only vague clues that need to be pieced together. Market geometry adds the precision needed to complement Elliott pattern understanding by measuring the common mathematical and geometric structures.

 

great (and interesting!) stuff as always alex.

Just read an article with a similar outlook: The stock market eerily resembles price action in 2011

 

I'd be interested in your upcoming course @Alex Straker, but I do fear that it's way above my current understanding & if I find the material too dry, I know myself well enough that I won't do the required study. Is there something really simple you can recommend for some basic understanding?

 

Yeh Avi's stuff is pretty decent. Apart from my personal mentor, Robert Miner is my all time fav Elliott commentator but he doesn't publish free stuff much.

 

@Rolf Latham @The Y-man

Not sure why thread is listed under Direct Shares now, there are no direct shares mentioned in it.

More related to investment strategy.

 

Looks like the InvestChat site topics are being moved to PC.

Confusion will reign.

 

I

ill be honest when I saw direct shares and @Nodrog lurking around I thought something very funny was happening.
Thought you wondered into the wrong door after too much home brew...

 

No went to have a nap earlier today but it turned into a deep sleep. So has left me in a zombie state not knowing where I am. But about to enjoy a home brew so should be back to normal then.

I certainly don’t want to end up in the Direct Shares thread again. God knows what sort of permanent psychological damage that could do to my poor aging brain.

 

I thought I must have had a nap in the room where Elon Musk was interviewed by Joe Rogan.

 

Thanks Simon, full confidence in the team to get it sorted

 

But the original threads were very meaningful to me. New setup all very confusing for geriatrics.

A 1000 plus page LIC thread much easier to follow.

 

@skater understand where you are coming from it all looks a little daunting. have mentioned these before - try the Robert Prechter & Jeff kennedy books, they are as good of a place to start as any.

Just so you know I have deliberately written the course specifically for PC'ers based on the feedback, requests and conversations I have had here with the keen ones. One of the things they have pretty much all said is 'make sure you start with just the basics!' so I have added a lot of material that goes right back to grass roots level. My aim was to be able start with a student who does not know what a candlestick is (in TA language terms) and gradually take them through enough material to be useful in a practical sense....in other words for making more effective investment and particularly risk management decisions.

Even more important to me is building a group of like minded individuals who are motivated by what they have seen here, and who know deep within themselves that they are drawn to learning this skill set with a genuine desire to master any market. The vision for this group is to collaboratively share charts and investment ideas, uncover opportunities, discuss techniques and help each other progress forward in understanding.

Now hear this.........it's important to understand that TA skills cannot be learned properly from a book. Much like playing an instrument, acting, tennis, chess, etc, it is a complex and hard won skill set that necessitates direct instruction from teacher to student.

Books are important in laying foundation knowledge and referencing specific information needed, but in the real world of taking action and making important decisions based on uncertainties they will give you just enough information to be a danger to yourself. The heart of the issue is that books (or videos) are finite and do not correct you when you go off course in your pattern recognition, or stop you from making a costly mistake in the market, or offer specific information at just the right moment when you need it for a breakthrough in understanding.

 

Thankyou for your feedback. I did look for those books, but couldn't find any. Maybe I was looking in the wrong place.

I'm keen to learn BUT like I said, I know myself well enough that if I find the topic too dry, the enthusiasm to learn will dry up & I'll struggle.

To give you an example of what I mean, back in the dark ages when I was a school, I was in all the highest classes & I used to get top marks in maths. It was easy, common sense stuff to me. I never once listened to the teacher in class (that was boring), I'd just read the exercises & did the work. I absorbed it like a sponge. English was similar, but there were some items that I never learned, not because I wasn't capable, but because I didn't apply myself. I did well in science too, because we did things that I found interesting.

BUT if you look at topics like History, that was outright boring & I did poorly. Art classes, were great if we were DOING something, but studying theory put me to sleep. I also never did homework. To me you go to school to learn, outside of that, the time is mine to do what I want to do, not homework. This worked well for me in maths because we followed a large text book & I just worked at my own pace & was often ahead of the class, including the homework, just by doing the work & not listening. I couldn't do the same thing with art theory or history, so I often just didn't do it. I still did better than average on tests, but if I'd actually applied myself, I know I could have done much better.

I left school at the end of year 10 as I didn't much enjoy school & wanted to get out in the real world, despite my teachers wanting me to stay on. Stupidly I listened to Mother who told me to learn shorthand & typing, as that had always given her work whenever she wanted it to.

Several years later I worked in a bank, & was offered a place at Uni (by the bank), if I studied accounting. Again, I know I could have easily completed it, but I couldn't think of anything more boring, so didn't.

 

For those that have already completed most of your courses, how will this new offering fit in?

 

@BKRinvesting Good question, thanks.

For anyone who has completed 1 & 2 (Relative Strength & Rotation and Volatility courses) this offering will still be very relevant as it will be focussed on the Elliott/geometry work plus a LOT of material on risk management and how to make best strategic use of the information as an investor, as that is what PC'ers have said are looking for here.

If you have already completed 3 (Market Geometry course) then you have covered the majority of the material and a lot will be repetition. Course 4 (Advanced Market Geometry) will not be included for multiple reasons. It is beyond the scope of what can covered in the time frames and also much too advanced for beginners plus I only teach the Gann scaling keys and master chart construction from a seed vector in a one on one situation. It is also only taught to students who have demonstrated an appropriate commitment over an extended period.

There will be some information on Relative Strength also presented in the PC course as it is an important concept to use in filtering opportunities. I am also currently negotiating a special deal for our members with software providers so we are all on the same page and people have the correct tools needed. This will all be built in to the course cost. As some of you know the relative strength and specialised geometry tools are not easy to find, very few software platforms can cope with the tools needed for my methods of TA. All course members will need to use the same software tools or it will turn in to chaos and they won't be able to follow.

We will also be including a free full year subscription to the weekly newsletter. Probably one of the most important years to have access to this info!

 

@skater Sure, good luck with the books, they should put you to sleep pretty quick!! Surprised you can't find them, they are everywhere.

Can I ask why you are keen to learn TA methods? Unfortunately with this stuff there is no 'going half way' if you actually want to use it in your financial world. Being mediocre at it and 'having a go' is a sure pathway to disaster.

If you don't like doing boring things, maybe an active approach to investing is not suited for you? I agree that without the obsession and interest there is never going to be mastery. Even with obsession there will still be times when the whole exercise gets boring. Frankly, a steady commitment is needed to new regular routines with many hours of study, practise, analysis, charting, reading, planning, execution etc etc. Trust me there plenty of boring tasks involved

 

I've only looked locally at a rather smallish book store. I should have tried harder.

I only want to learn to understand a bit more, so I don't feel so stupid when I read posts about this stuff.

OK, so I DON'T want to do the course afterall. But I still want to understand the basics, so that when you (or someone else) posts up a candlestick chart with circles & lines going all over the place & says support here, there & everywhere else, I know what your talking about.