Stocks & Commodities V. 24:5 (64-67, 76): The Third Wave by Mircea Dologa, M.D.

Stocks & Commodities V. 24:5 (64-67, 76): The Third Wave by Mircea Dologa, M.D.
Item# \V24\C05\095DOLO.pdf
$3.95
Availability: In Stock

Product Description

Stocks & Commodities V. 24:5 (64-67, 76): The Third Wave by Mircea Dologa, M.D.

Does the crowd always behave the same way? According to Elliott wave theory, they do, and this is what forms the basis of the impulse pattern of five waves. Hereís part 1 of a quick study.

When it comes to trading different types of trend waves, trading wave 3 in Elliott wave theory is the most profitable, even if the position may sometimes reach its maximum accepted limit. Itís a question of observing all this unwinding (referred to as chaos by academics) in a tri-dimensional approach. In the first dimension, you must grasp the meaning of each trendís module. In the second, you must follow up on the functionality of the continuous developing mechanism. And in the third, you must trade ó that is, make decisions ó and preserve capital.

THE FRACTAL NATURE OF WAVES

In his wave theory, R.N. Elliottís major innovation pointed out that the crowd always behaves the same way, thus constituting the impulse pattern of five waves (noted as W1 through W5), immediately followed by correction pattern of three waves (noted as A, B, C). When all these waves (impulsive or corrective) contain themselves within multiple levels of subwaves, typically referred to as lesser-degree waves (Figures 1 and 2), you understand the fractal nature of the waves.




FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.




Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order