SSEC 13-7-2015
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Is it necessary that all major tops complete with a violent reversal? ANSWER: At risk of comparing market action to the "Theory of Relativity," the answer to your question is dependent on the technical expertise of the observer. There is the "visual appearance" of a market top and then the "st… Read More
Your book does not mention "leading diagonals" (i.e., a Terminal in the position of wave-1 or wave-a). Many Elliott Wave analysts recognize such patterns; do you think they exist? ANSWER: No, they don't exist. Such assumptions are caused by the absence of a rigid, logical rule set in the original theory relating to post-pattern behavior requirements. Under NEoWave, every Wave pattern must follow an e… Read More
If wave-5 subdivides (inside of a Terminal impulse), can part of it break the 2-4 baseline? ANSWER: Yes, if two conditions are met. Let's assume the Terminal is trending upward. If you see part of wave-5 break the 2-4 baseline, make sure these two rules are followed:1. After the break, no part of wave-5 drops belo… Read More
If wave-B (in any pattern) takes less time than wave-A, can I confidently assume a ZigZag or Flat is NOT underway but instead that a Triangle or Diametric is forming? If wave-B (in any pattern) takes less time than wave-A, can I confidently assume a ZigZag or Flat is NOT underway but instead that a Triangle or Diametric is forming? YES … Read More
It was my belief that no leg of a Triangle, except for wave-e, could itself be a Triangle. Am I correct? ANSWER: In 1990, when I released Mastering Elliott Wave (MEW), that was also my assumption. The statements in MEW were derived from 7 years of personal experience trading, forecasting markets and teaching Wave analysis. At t… Read More
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