Synopsis: Puts Elliott Wave Theory into terms all traders can understand and successfully apply, says the publisher of Traders World magazine. Find the basics of R.N. Elliott’s simple, proven theory, pitfalls most practitioners make and how the theory relates to trading volume, contrary opinion, filtered waves and more in simple, easy-to-implement terms.
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Jacket Description: "Puts Elliott Wave theory into terms all traders can understand and successfully apply." - Larry Jacobs, TraderWorld.com & Traders World Magazine
Elliott Wave Theory is a highly effective tool to help determine the financial condition of a given stock and how it will perform in the near future. With the help of this book, investors will be able to easily understand and apply Elliott Wave Theory, and profit from the results! This book also shows you how to:
- Combine Elliott Wave Theory with other technical analysis methods to produce optimal results.
- Utilize methods for anticipating, and profiting from, both long-term and short-term moves among listed stocks.
- Gain from real-time examples of stock market forecast and analysis.
Use the practical information and numerous charts in this book as a hedge against adverse moves in the financial market-you'll be glad you did!
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Table of Contents: Introduction 3
Chapter 1 The Basics of Elliott Wave Theory 5
Chapter 2 What is the Elliott Wave Theory? 13
Chapter 3 Corrections 29
Chapter 4 Pitfalls of the Elliott Wave Theory 41
Chapter 5 Elliott Wave and Technical Analysis 45
Chapter 6 The Fan Principle 55
Chapter 7 Elliott Wave and Channel Analysis 61
Chapter 8 The Rule of Alternation 69
Chapter 9 Elliott Wave and Volume Analysis 73
Chapter 10 Elliott Wave and Contrary Opinion 81
Chapter 11 Filtered Waves 87
Chapter 12 Conclusion 93
Appendix 1 97 Appendix 2 101
Chapter 13 Dictionary of Technical Terms 105
About the Author 129
Investment Resource Guide Suggested Reading List 133 Internet Sites 141 Newsletters 143
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Review: Book Review by Jaye Abbate, Traders Library
Elliott Wave Simplified by Clif Droke
Elliott Wave Theory is a technical analysis tool that provides immense profit potential, as it can help determine the financial condition of a given stock and how it will perform in the near future. But many traders shy away from it because it can sound a bit complex and intimidating. Now, noted market technician Clif Droke has taken the mystery out of this effective technique - without deluging readers with complicated details.
Moving from the basics of Elliott Wave Theory (EWT) through the more sophisticated levels that deal with EWT and its impact on channel analysis, volume analysis, contrary opinion, filtered waves, etc - this book explains it all in simple, easy-to-grasp terms.
This book will also show you ...
- Methods for anticipating - and profiting from - both long-term and short-term moves among stocks - How to gain from real-time examples of stock market forecast and analysis - And how to combine EWT with other technical analysis methods to produce optimal results.
The publisher of Traders World magazine applauds Droke for putting "Elliott Wave Theory into terms all traders can understand and successfully apply." Now, any trader can use the practical information and plentiful charts provided in this book as a hedge against adverse moves in the financial market. And - broken down into such clear, precise terms - it's a great reference for both newcomers and practitioners of EWT to keep on their shelf and aid in their trading success.
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