Elliott Wave - XAO starting wave C?

[skc]

I think this is a reasonably good explanation:
http://www.esignalcentral.com/university/get/getManual/eSignal_Manual_ch6.pdf

Thank you. I can see why such behaviour could happen.

 

[zzaaxxss3401]

Re: Elliot Wave - XAO starting wave C?

is this how you see it mb1?
nick should a wave c finish around my lower green circle 38.2 fib retrace and also equal to wave 4?

I thought this was an analysis of the XAO chart. What am I missing here - this graph looks nothing like the XAO in both tracking and/or scale? Please explain.

 

[pavilion103]

Re: Elliot Wave - XAO starting wave C?

I thought this was an analysis of the XAO chart. What am I missing here - this graph looks nothing like the XAO in both tracking and/or scale? Please explain.

This thread is from 2007.

I was hoping someone would put up a new chart and we could discuss the analysis.

 

[Boggo]

Re: Elliot Wave - XAO starting wave C?

This thread is from 2007.

I was hoping someone would put up a new chart and we could discuss the analysis.

Correct, from 2007 and refers to starting wave C.
Not really relevant at the moment.

Joea is around the mark at the moment on here... https://www.aussiestockforums.com/forums/showthread.php?t=4888&p=643597&viewfull=1#post643597

 

[Chris45]

Thank you. I can see why such behaviour could happen.

skc, EW is certainly not the 'Holy Grail' but it can boost your confidence to take a risk when you see a pattern falling into place.



I'm certainly not claiming to be any sort of an EW genius but in early 2003, when I saw this pattern developing, I was fairly confident that it was a wave5 so I switched most of my super to share funds and geared share funds. I felt it would probably end with a very significant correction, so I switched to cash in mid-2007. Up till 2003, my savings had been making little progress and without EW I would probably have missed out on that once in a generation get-rich-quick opportunity, which is why I'm now a believer. But, like everything else, it doesn't work perfectly all of the time.

If you want to learn more, have a look at chapters 9, 10 & 11:
http://www.esignallearning.com/members/getManual.aspx

The 'Elliott Oscillator' is essentially a 5,35 MACD and can be reproduced on most charting programs.