Elliott Wave Quick Cheat Sheets--by Corey

oldfairy

First, a complete Elliott Wave pattern has 8 waves:  5 during the “impulse” phase and 3 during the “corrective” phase.

Elliott Wave is a fractal concept, so look closely at Wave (1) and Wave (2).  The entire 8-wave structure that comprises the first and second wave is exactly the same as the complete 8-wave structure that completes the whole chart, which itself might be a larger Wave 1 and Wave 2 of a higher timeframe.  It is important to understand that Elliott Wave is fractal.
In an impulse (an uptrend, for simplicity), Waves 1, 3, and 5 will ’subdivide’ into their own smaller 5-wave affairs.  Waves 2 and 4, which move against the larger trend, have a 3-wave structure.  This is an expansion of “Charles Dow Theory” which states that uptrends (bull markets) move in three phases (accumulation, realization, distribution).  Elliott only adds the natural corrective waves into these three phases.  Mr. Dow also made note of fractal trends (Primary, Intermediate, Minor).
In reality, Elliott Wave principles are just additions or specifications to Charles Dow Theory.
Speaking of Corrections, here are the ‘ideal’ corrective phase types:

There are actually 13 corrective patterns which are combination of these, but for simplicity, let’s focus on these four types of corrections.
The notation in parenthesis refers to the number of smaller waves in the lettered phase (corrections always use letters).  With the exception of a Triangle, Wave C will always have 5 waves.  Without exception, Wave B will always have 3 waves.  With the exception of a Zig-Zag (my favorite correction, which resembles a ‘bear flag’), Wave A will always have 3 waves.
I’ll create a series of posts with basic educational introductions (making them fun and interesting) to the Elliott Wave principle so stay tuned for more!



Cobra provided this good article. thanks

sinnet

wonderful!

蜗牛

蜗牛

hfdcai2000

First, a complete Elliott Wave pattern has 8 waves:  5 during the “impulse” phase and 3 during the “corrective” phase.

Elliott Wav ...
oldfairy 发表于 2009-5-13 19:36

           

ok, this is my application.  Well, words are cheap, and the real practice is obviously tricky.   50 - 50 again ??   

fixedincome

这段时间WAVE论的几乎天天重新数波，局限性一目了然。
BTW, 你图上标的1高和4低有重叠。

老船

顶！

hfdcai2000

Minority are always right...   There are really few people (only around 200 hits here) who are interesting in Elliot Wave and its counting.     It might be a good sign for my chart practice....  and I knew that most of HT neighbors would only follow the well-known TAers, instead of learning and applying by themselves.

What a human nature/action has been well-shown about the retail day-traders here !!!    So Boring ...  no challenging, but "ding this one, or ding that one."         

hfdcai2000

这段时间WAVE论的几乎天天重新数波，局限性一目了然。
BTW, 你图上标的1高和4低有重叠。


fixedincome 发表于 2009-5-13 20:53

According to my experience, 重叠 wave happens for many times (such as 1a and 1b).      I just don't understand what you mean "1高" and "4低".   

There are 2-3 free books download site here.     You are welcome to check them out if you add me as your HT friend.

Good luck.

fixedincome

9# hfdcai2000

在你的图中，上涨波1是166，波3是96，波5是103，违反了波3不能是最短。
另外波1的高点和波4的低点重叠了。

这两点违反了EW两条重要+基本的原理。因此这个数法不成立。

hfdcai2000

9# hfdcai2000

在你的图中，上涨波1是163，波3是96，波5是98，违反了波3不能是最短。
另外波1的高点和波4的低点重叠了。

这两点违反了EW两条重要+基本的原理。因此这个数法不成立。
fixedincome 发表于 2009-5-13 22:46

Thanks...    I did not mark all the numbers before 波1..

At least, I am not the only HT9 neighbor drawing an Elliot Wave.    I guess that people would always hod different opinion and understanding about the stock market...   
http://blog.hutong9.com/space.ph ... o=blog&id=11025

dd_xu

我觉得wave的局限性是显而易见的。最近研究了易融通先生的二波法（chuxue的N波法），还有缠中说禅的禅轮应该是更通用并且有实际操作意义的理论。从它们两个理论（实际上两者本质是相似的）可以看出wave是两个理论比较常见的特例。或者是wave考虑到各种复杂的变换就延伸到了禅轮或者二波法。
譬如最近的走势如果数波的话估计是晕的不行了，但从禅论就可以很清楚的指导操作