Les and Simon are a couple of “Stock Capitalists” that scour thru literally hundreds of stock market related sites, newsletters, e-mails, blogs, etc… and “siphon” out great ideas, quotes, recommendations, and stock market related information. They have been trading the stock market for more than 20 years and offer some of their insight and best articles of interest.
Dow Jones Elliott Wave Analysis (10/03/2010) (Big Picture reviewed)
11th March 2010 by No CommentsThis video is complimented by another review of the FTSE 100 market and a new video to come, showing a very convincing alternatice elliott wave count (in my opinion) to that of Robert Prechter. I think it is important to keep this in mind, as the FTSE 100 has broken a key technical level, I have had to review the long term picture and the arguments of Mr Prechter. As things stand, I think Mr. Prechter has miscalculated and is wrong about how far markets will fall. All is explained so please take a look. This is my interpretation using Technical Analysis and Elliott Wave Theory to look at the Dow Jones. Elliott wave is my preferred tool when looking at the stock market, I believe that it can work to reflect the “psychology” of the market quite accurately. I am NOT a very experienced trader or technical analyst, but I am very interest in developing my skills and welcome you to share your experienced and advice so that we may both learn from it. Nothing in this video should be taken as investment or trading advice.