Where Are We in the Wave Structure? Elliott Intro

Mar 5, 2009: 3:52 PM CST

Andrew Horowitz of the Disciplined Investor asked me to do a guest post for his readers on a basic introduction to Elliott Wave and to describe where the Wave Principle might be telling us we are within the 5-wave structure.

Go over to Andrew’s site to see the full publication entitled “Where Are We in the Wave Structure?” and while you’re there, be sure to browse around his site and download some of his amazing Podcasts featuring interviews with big-time people in the investment, trading, and finance community.

I won’t spoil the post by giving away too much here, but I detail an intro to Elliott Wave, describe a bit of the characteristics of the 5-Wave structure (and why there’s 5 waves) and then walk through Apple (AAPL) showing a clear example of the principle before showing readers where we are currently in the 5-Wave decline on the S&P 500 that started in October 2007.

A special thanks to Andrew for allowing me this opportunity.

Corey Rosenbloom

3 Comments

3 Responses to “Where Are We in the Wave Structure? Elliott Intro”

  1. Anonymous Says:

    look at the weekly vix… does that look like a bear flag?? thanks – keep it up?

  2. Corey Rosenbloom Says:

    Anon,

    To an extent, yes, but it’s also finding support about the 50 week EMA. Looks like it might be in Elliott Wave 4 with 5 up yet to go but I don’t know if you can even apply EW to the VIX.

  3. jeremy Says:

    Great post, well done..will you update us when fractual 4 and 5 is passed and you see a high probability of a significant bear market rally?
    Fundamentals and sentiment seem to be shaping up,it’s becoming far too popular now to be short of the Index’s.