Applying Elliot Wave Theory Profitably

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John Wiley & Sons, Jul 30, 2003 - Business & Economics - 240 pages
Learn how to forecast the market with Elliott Wave Theory
In Applying Elliott Wave Theory Profitably author Steven Poser shows readers how to trade using Elliott Wave Theory-a powerful technical analysis tool used to forecast the stock market-through easy-to-follow trading strategies, while offering clear explanations on how to interpret this method's numerous patterns. Step-by-step guidance breaks down the Elliott Wave Theory and provides strategies that a trader can put into action along with a complete explanation of how and why the Elliott Wave Theory works. Applying Elliott Wave Theory Profitably shows readers where to look for external clues, and how to use these to improve their trading performance.
Steven W. Poser (Upper Saddle River, NJ) is President and founder of Poser Global Market Strategies Inc., an international stock, bond, and currency markets trading advisory firm. Mr. Poser publishes a daily newsletter that covers these markets from a technical and fundamental perspective. He holds a post-MBA degree in finance, as well as an MBA in economics and a BA in mathematics and computer science.
 

Contents

Surfing Basics
1
The Basic FormationsCorrection Waves
9
Dow Theory and Elliott Wave Theory
17
Practical Pattern Recognition
23
Summary
29
Elliott Wave and Classical Technical Analysis
46
Retracements
52
The Tendency of Alternation
63
Building an Elliott Wave Trading Plan
93
LongTerm Data Review
102
Trading TimeFrame Analysis
108
The Details
114
Tying It All Together
121
Elliott WaveBased Trader
169
Understand Why You Are Placing an Order
175
But Youre a Technical AnalystWhy All the Economics?
184

Price Projections and Targets
72
Fibonacci Day Counts
78
InterludeDoes Elliott Work Outside
81
Whence the Dollar
206
Notes
213
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About the author (2003)

Steven W. Poser is President and founder of Poser Global Market Strategies Inc. (www.poserglobal.com), an international stock, bond, and currency markets trading advisory firm. Mr. Poser publishes a daily newsletter, which covers these markets from a technical and fundamental perspective. He is also the Editor of The ETF Authority, which specializes in analysis of exchange-traded funds. Mr. Poser is an educator as well, and provides custom technical analysis training to individuals and corporations. He is regularly quoted by the financial press and has been a frequent guest on CNBC, CNNfn, and Reuters Financial Television. His clients include many of the largest institutional trading desks, mutual funds, and hedge funds, as well as a coterie of retail accounts.

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