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