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Elliott Wave theory and Fibonacci Numbers
Elliot Wave theory is an outgrowth of the original technical market analysis
of Dow Theory.
Fibonacci numbers provide the mathematical
foundation for the Elliott Wave Theory of
Technical Analysis.
Elliot Wave theory is a highly
subjective form of technical analysis (market timing).
- The challenging part of Elliott Wave Theory is
figuring out the relativity of the wave structure.
- Elliott concluded that the movement of the stock market
could be predicted by observing and identifying a repetitive pattern of
waves. In fact, Elliott believed that all of man's activities, not just
the stock market, were influenced by these identifiable series of waves.
- Elliott Wave Theory for Market Timing breaks down
impulse waves and corrective waves into five primary and three primary movements
respectively. The eight movements comprise a complete wave cycle. Time frames
can range from 15-minutes to decades
- Fibonacci numbers provide the mathematical foundation
for the Elliott Wave Theory of Technical Analysis.
- For centuries, mathematicians -both amateurs and professionals
alike- have been intrigued by the sequence of Fibonacci numbers.
- Elliott Wave theory technical analysis for
QQQQ timing
(NASDAQ: QQQQ),
S&P 500 timing
(AMEX:
SPY), Dow Jones timing
(AMEX: DIA) and technical analysis based on volume for all index
constituents works very well for index shift timing.
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