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The Basis of The Wave Principle
October 1,1940

Civilzation rests upon change. This change is cyclical in origin and characteristics. A rhythmic series of extreme changes constitute a cycle. When a cycle has been completed, 
another cycle is started. The rhythm of the new cycle will be the same as that of the previous cycle, although the extent and duration may vary. The cycle progression in accordance 
with the natural law of movement. 

This law of natural change is inevitable, and applies to the seasons and the movements of the tides and planets. It has truly been said that change is the only „immutable thing
in life.“ Being a natural phenomenon, it necessarily governs all human activities, even the relatively static sciences of biology, and botany. Even time and mathematics appear to be
amenable to the application of this law of rhythm, from the small unit of hours to the great intervals of decades, centuries and millenniums. 

The causes of these cyclical changes seem clearly to have their origin in the immutable natural law that governs all things, including the various moods of human behavior. 
Causes, therefore, tend to become relatively unimportant in the long term progress of the cycle. 

Measuring the behavior of cycles should therefore offer a reliable means of forecasting changes, regardless of the cause, and thus yield handsome profits. After extensive 
studies of changes in the stock market over a period of many years, I discovered a clue that measures and determines cyclical trends. 

By 1934, I was able to resolve the various trends of changes in stock prices to a rhythmic series of component waves, which called a „cycle.“ This cyclical rhythm has occurred 
regularly and repeatedly not only in the available records of the various stock exchanges, but also in commodities, industrial production, temperature, music, variation in color, electric 
output, population movements to and from cities, etc. In fact, it is manifest so widely, not only in human activities, but also in workings of nature, itself, that I have termed this discovery 
„The Wave Principle.“

The number of waves and the extent and duration of movements seem clearly to be allied with the principle of mathematics and with the passage of time, but the number of waves 
never varies except under certain recognizable conditions of a cyclical nature. The length of a wave may possibly be affected by emotional news, but the number of waves is clearly 
not affected by such transient developments. By means of this rhythmic analysis, the end of a movement is known as it approaches, and the type of the next movement is also known. 
It is therefore possible to predict with confidence when a bull market is terminating and a bear market is beginning or vice versa. 

Source: R.N.Elliott's Market Letters, p.162-163, 1993 by Robert R. Prechter Jr.


 

 

 

 

 

DAX - Update, April 05,2019:

Ever since the German DAX topped out on January 23,2018, the market lost -3,317.69 points
and bottomed on December 27 of that year at 10,279,20. A Fibonacci 0.618 retracement will be
reached at 12,329.53 ! Please note, the first wave up from the low gained 10.62%, the second
wave up from Feb 08 gained 8.83% so there is clearly a loss of momentum. Otherwise, the 
DAX can continue rising to the 0.723 Fibonacci level, eventually (12,677.89). 

 

 

DAX - Daily Chart : The 'IDEN' of March

 

 

 

Copyright ©  2019. ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
THIS IS NOT FINANCIAL ADVICE.

 

Elliott Wave Analysis 

The German DAX index has reached what looks like an important juncture:
Time and price, cycles and Dr.Andrew's Mid-Line technique all point to a decision point, right now !
Prices didn't reach the upper parallel channel line, a kind of weakness and prices produced a 'spike-high'
and prices turned down 'on-a-dime !'

In a circle there are 360 degrees which very nearly correspond to this cycle. In other words, one day is equal to one degree of the circle 
that the earth makes around the sun. Hence the significance of the important divisions of the circle (into angles) on the chart. 
These angles are 45, 90, 120, 135, 180, 225, 240, 270, 315 and 360.

Jan 23,2018 ---------- Dec 27,2018 = 339 days 48 weeks
Jan 23 2018 ---------- Mar 19,2019 = 421 days 60 Weeks !
Mar 26,2018 --------- Mar 19,2019 = 359 days 51 Weeks 
Jun 15,2018 --------- Mar 19,2019 = 278 days 39 weeks 39/51= 0.764 = (0.382*2)

Good Reads >>>

Elliott Wave Principle >>>

Elliottwave International >>>

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DAX - Daily Chart : Alternate Count#: 61.8% Retracement !

 

Copyright ©  2019. ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
THIS IS NOT FINANCIAL ADVICE.

 

Elliott Wave Analysis 

Wave (a) gained +10.62% while wave (c) travelled (as of Mar 15,2019) +7.93%.
Now observe, 10.62% divided by 1.382 gives 7.68%, only 0.245 pts apart! 

Good Reads >>>

 

 

DAX - Daily Chart : Elliott Waves - NOT The News !!! [2]

 

 

Copyright ©  2019. ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
THIS IS NOT FINANCIAL ADVICE.

 

Elliott Wave Analysis 

The index now retraced 57.25% from the decline of the high of January 2018, close to 61.8% !
Please note how useful the Elliott Wave Principle helped to forecast the rise in the German DAX index. 

If you have questions, please mal to:   sptrad016@freenet.de

 

"The main U.S. stock indexes finished higher despite a lack of major market-moving news, with the S&P 500 closing at its highest level since November." barrons.com, Mar 13,2019


A Connection to the Human Social Experience
The Wave Principle reveals that the human social experience follows a form that derives from the tension between the opposing dualities of progress and regress. Its ruling ratio is phi, the same number that governs nature's arbora and spirals, making it fundamental to nature's arrangements. In its broad sense, then, the Wave Principle communicates the seemingly outrageous idea that the same law that shapes living creatures and galaxies is inherent in the mentation and activities of men en masse. We will explore the biological, perceptual and mentational origins of this phenomenon in Chapters 10 through 12. 

As Chapter 16 later argues, the mass psycholigcal fluctuations revealed by the stock market are not only correlated with mankind's actual progress and regress through history, but in fact produce them. What the Wave Principle ultimately says, then, is that mankind's progress, which results from his social nature, does not occur in a straight line, does not occur rangomly, and does not occur cyclicaly. Rather, progress takes place in a Fibonacci-related arborating, spiraling or wave-fractal style that nature uses for all its robust forms. As the activity of social man has form, it is apparently no exception to the general law of order in the universe.

Professor Ian Steward of Warwick University makes a case in his book, Life's Other Secret, that the cardinal code of life is mathematical, not bio-mechanical. He begs his readers, „We must turn at least some of our attention to life's other secret – the universal mathematical principles of growth and form that DNA exploits.“ As the research throughout this book attests, it is exactly a „universal mathematical principle of growth and form“ that the Wave Principle of human social behavior reflects. This is a tall chlaim, which it is the purpose of the rest of this book to verify.

(The Wave Principle of Human Social Behavior, p.83, Robert R. Prechter Jr., 1990)

____________________________________________________________________________________

 

DAX - Daily Chart : Elliott Waves - NOT The News !!!


 

 

Copyright ©  2019. ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
THIS IS NOT FINANCIAL ADVICE.

 

Elliott Wave Analysis 

Elliott Wave forecast of January  25,2019

 

"The main U.S. stock indexes finished higher despite a lack of major market-moving news, with the S&P 500 closing at its highest level since November." barrons.com, Mar 13,2019


A Connection to the Human Social Experience
The Wave Principle reveals that the human social experience follows a form that derives from the tension between the opposing dualities of progress and regress. Its ruling ratio is phi, the same number that governs nature's arbora and spirals, making it fundamental to nature's arrangements. In its broad sense, then, the Wave Principle communicates the seemingly outrageous idea that the same law that shapes living creatures and galaxies is inherent in the mentation and activities of men en masse. We will explore the biological, perceptual and mentational origins of this phenomenon in Chapters 10 through 12. 

As Chapter 16 later argues, the mass psycholigcal fluctuations revealed by the stock market are not only correlated with mankind's actual progress and regress through history, but in fact produce them. What the Wave Principle ultimately says, then, is that mankind's progress, which results from his social nature, does not occur in a straight line, does not occur rangomly, and does not occur cyclicaly. Rather, progress takes place in a Fibonacci-related arborating, spiraling or wave-fractal style that nature uses for all its robust forms. As the activity of social man has form, it is apparently no exception to the general law of order in the universe.

Professor Ian Steward of Warwick University makes a case in his book, Life's Other Secret, that the cardinal code of life is mathematical, not bio-mechanical. He begs his readers, „We must turn at least some of our attention to life's other secret – the universal mathematical principles of growth and form that DNA exploits.“ As the research throughout this book attests, it is exactly a „universal mathematical principle of growth and form“ that the Wave Principle of human social behavior reflects. This is a tall chlaim, which it is the purpose of the rest of this book to verify.

(The Wave Principle of Human Social Behavior, p.83, Robert R. Prechter Jr., 1990)

Good Reads >>>

____________________________________________________________________________________

 

 

DAX [180min.Chart] Five Waves Up, Again !

 

 

Copyright ©  2019. ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
THIS IS NOT FINANCIAL ADVICE.

 

Elliott Wave Analysis 

Good morning, my name is Karl, 

Five waves up, [again] a sudden reversal and a classic Elliott trendchannel, all in all, it's Elliott Wave Principle ! 

Good Reads >>>

____________________________________________________________________________________

 

DAX [180min.Chart] Trendchannel

Copyright ©  2019. ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
THIS IS NOT FINANCIAL ADVICE.

 

Elliott Wave Analysis 

Good morning, my name is Karl, 

Wave iii may just rise a bit more to the upside eventually to the "4th wave of the 3rd wave" around 11,650 (+/-).

Good Reads >>>

____________________________________________________________________________________

 

 

DAX Index - Daily Chart, January 31,2019

Copyright ©  2019. ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
THIS IS NOT FINANCIAL ADVICE.

 

Elliott Wave Analysis 

Good morning, my name is Karl, 
another Fibonacci retracement level to watch is a 0.618 retracement of the decline
from the high of January 23,2018 to December 27. (380 days). From December 27
there are 34 (Calender-) days to January 31and 414 days from the high of January 23,2018.
414 days are 59 weeks (60-1) or 13.8 months from the alltime high. 


The Elliott Wave Principle tells us, that a "Diagonal Triangle" occurs primarily in the fifth wave position,
at times when the preceding move has 'gone too far too fast', as Elliott put it. A very small percentage
of diagonal triangles occur in the C-wave position, usually as the last C wave in a double or triple three.
That is what we have here on the daily chart of the German DAX index. So the labeling 1 or (a) still counts
as the best way, isn't it? 

Good Reads >>>

____________________________________________________________________________________

 

 

DAX Index - Daily Chart, January 25,2019

Elliott Wave Analysis 

Good morning, my name is Karl, The DAX still trades within an Elliott  parallel trendchannel and is about to rise
in wave (a) of an A-B-C zigzag as part of Minor wave 2. In terms of time, there are 26 weeks from the high of January 23,2018
to the high of July 27,2018 and from July 27 there are 21 weeks to the low of December 27,2018. And the ratio of these time
frames is 1.236 or 0.618 * 2. The high of July 27  is of interest because it is a 0.618 Fibonacci 
retracement of the decline January 23 to March 26.

The foremost aim of wave classification under the Elliott system is to determine where
we are in the stock market cycle. This exercise is easy as long as the wave counts are clear,
as in fast-moving, emotional markets, particularly in impulse waves, when minor movements
generally unfold in an uncomplicated manner. However, in lethargic or choppy markets, 
particularly in corrections, wave structures are more likely to be complex and slow to develop.
With a proper reading of the Wave Principle, there are times when sideways trends can be 
forecasted (for instance, for a fourth wave when wave two is a zigzag). Nevertheless, complexity
and lethargy are two of the most frustrating occurrences for an analyst. They are part of the reality
of market, though, and must be taken into account. 
(Elliott Wave Principle, 1990, Frost & Prechter Jr., p.60) 

____________________________________________________________________________________

 

DAX Index - Daily Chart, December 23,2018 [Longterm 2009-2018]


Elliott Wave Analysis, 

Good morning, my name is Karl, Charts tell the truth. Here: 

German stock market - DAX
The Elliott wave labeling shows five waves up from 2009 to 2018 and according to the EW Principle 
the market travelled within a classic parallel trendchannel. Academics never had a statement about 
this phenomenon. The five-wave labeling indicated the end of the bullmarket from March 2009 and as
of this writing the DAX just penetrated the lower longterm channel line to the downside. According 
to the The Elliott Wave Principle, wave 5 often ends when meeting or slightly exceeding a line drawn
from the end of wave 3 that is parallel to theline connecting the ends of wave 2 and 4, on either arithmetic
or semilog scale. As the RSI readings on the bottom of the chart reveals, the fifth wave of Intermediate degree
did not reach the upper parallel channel line, indicating (inner) weakness of the market. Indeed, fifth waves
in contrast to third waves are weaker as most people would realize. Each of the five elementary patterns
of the Wave Principle has its own description as well as a short catalog of variations that are similarly declineated
by differences in form. For instance, sometimes both boundary lines of a triangle slope toward each other, 
and sometimes either the top or bottom line is horizontal. As another example, sometimes wave B of a flat
ends at the level of the start of wave A,and sometimes it ends beyond it. Elliott attached a name to each of 
these differences in form so that with his terms, we know immediately what form and variation we are talking about.
(Source: The Wave Principle of Human Social Behavior, The Elliott Wave Principle, Elliott Market Letters.) 


_____________________________________________________________________________________________________



 

 

Elliott Wave Principle    Socionomics   Terms of Service   Disclamer   Datenschutz   Frequently Asked Questions (FAQ)    Impressum

Copyright ©  2019. ELLIOTT today. All Rights Reserved.  None of these stocks are buy or sell recommendations. 
There is a high degree of risk in trading. 
CLICK HERE FOR FULL RISK DISCLOSURE.

The Elliott Wave Principle is a detailed description of how markets behave. The description reveals that mass investor psychology swings from  
pessimism to optimism and back in a natural sequence, creating specific patterns in price movement.Each pattern has implications regarding  the 
position of the market within its overall progression , past, present and future. The purpose of this publication and its associated services is  to 
outline the progress of markets in  terms of the Elliott Wave Principle and to educate interested partiesin the successful application of the Elliott 
Wave Principle. This is probably the most comprehensive trading education on how to project high probability time & price targets based  on
 Elliott Wave pattern structure.

The material is ONLY PROVIDED FOR EDUCATIONAL PURPOSES AND PAPER TRADING. The recommendations are for paper trading 
to develop your skills for real time trading. If you can make profits in paper  trading, and wish to trade real time with real money and need 
assistance, then seek help from a qualified financial advisor. 
THIS IS NOT FINANCIAL ADVICE.