There are specific and important differences in counting that you need to know about. The S&P500 and most every other global market is in a correction of massive scale. This is where it is crucial to know about the New Rule and thereby know how to correctly count the waves.

The way that the waves form in this area will mislead the Elliott technician who does not have this new information. You will see the dramatically different outlook from traditional counts right away.

The best thing is that this New Rule is available to you at no charge and you can learn a better, more accurate and definitive way to perform the count. This is because this is what the waves have always done – and you now know how to match up to it.

The latest count is posted here:
Latest S&P500 Wave Count

If you haven’t yet downloaded the New Elliott Wave Rule book just check the upper right corner of the page.

Enjoy and profit from it.

In the whole spectrum of Technical Analysis the one constant is personal preference. There is such a variety of methods and indicators and even settings of indicators that to have your own personal choice is not unusual and is encouraged. When it comes to Elliott Wave Theory, however, it’s a different story. Be prepared to choose sides (and face ridicule)!

This kind of reminds me of the intersection of Main and Church Streets, Anytown, USA where there are three Protestant churches and a restaurant and the only one who can talk to everybody is the waitress. Oh how we love our dogma, testosterone and forum ‘rep’. (I’ll have the apple pie, please.)

All that aside I can attest that by definition Elliott Wave Theory is Not a Theory. It has rules and these can and have historically aided analysts in arriving at phenomenal and timely market forecasts. This makes it an Applied Science. Have there been errors made? Yes of course, just as in any science. As one buzzes by, you can insist the ‘rules’ of aeronautics still do not apply to the bumblebee – they shouldn’t be able to fly.

I have also personally witnessed extreme precision in adherence to waveform rules even on a tick chart during an FOMC interest rate announcement. Now that alone would rankle some who insist that there is nothing but randomness in markets. That’s ok. I have learned to take the stance that I refuse to allow anyone to argue with me unless they can prove to me that they know what I am talking about. Enough about me.

No trip down the Mountain with Tablets of Stone

The publishing of rules and guidelines made by RN Elliott, the author, was titled, “Elliott Wave Principle”, not theory. Since that time it has had its validity challenged and some have relegated it to a “Theory”. Even so, accepted or not, healthy science should consider that there was nothing etched in stone.

The elements of the Wave Principle were developing at the same time the foundation upon which it stood was evolving. Just over five years before the publication of the book in 1938 hourly data became available for the first time. Elliott said this was necessary to observe the minor and minute waves. That only supplies a view of the picture covering a span of roughly Weeks to Quarters. Additionally there were changes along the way of which most are not aware.

We now have the ability to plot charts instantly and observe many degrees of scale completely unavailable to Elliott all the way down to tick data. Consider it possibly quite significant that while he primarily dealt with 7 degrees we now have 6 degrees underneath those on which we can identify waves forming. Remember all 6 of those extra degrees Fill In and Identify the upper 7 degrees.

Perhaps it is within the realm of possibility that errors of past analysts can be attributed to an incomplete understanding or observation of what the waves are actually doing and that the unveiling of such a vast amount of extra detail might help. That is exactly what has occured but the rules themselves have both helped to make great forecasts AND hindered the identification of what went wrong when they failed.

We now have a New Elliott Wave Rule to help in making Elliott Wave trading and market analysis Profitable Trading. I believe that this information belongs to traders everywhere and hope it helps in your trading decision making.

Elliott Wave Rules Upgraded and Previewed S&P 500 Drop Last Week.

Well at least the New Elliott Wave Rule did!

It may very well be that through some very hard and tedious ‘extensions’ guesswork an EW technician could have made that call as well. The simpler counting technique which eliminates that altogether is what this analyst prefers.

Why make it more difficult than it needs to be? ( KISS – It’s not like trading and forecasting is easy so the simpler the better, right? )

In our Forum we have a detailed count picture for the Latest S&P500 Count. This shows an uncomplicated view and you’ll want to read the book to find out how you can apply this method. It is just what the waves are doing so of course you want to be “In on it”.

No matter whether you are already using a Forex Trading System or a Stock, Futures or Commodities trading setup the global viewpoint is enhanced by a correct wave analysis. No longer is this so cumbersome that the answer is almost not worth the effort as is commonly the complaint about traditional Elliot Wave methods.

See How it will Improve Your Trade Decisions in Forex, Stock Markets or Commodities.

Start Making Better Entries!

It is NOW possible to Achieve Definitive Wave Counts.

Prepare to have your whole Elliott Wave paradigm revolutionized.

Please be sure to download the book to find out how the Elliott Wave Rules have been upgraded. ]]> http://newelliottwaverule.org/elliott-wave-rules-upgrade/feed/ 0 http://newelliottwaverule.org/new-elliott-wave-rule/ http://newelliottwaverule.org/new-elliott-wave-rule/#comments Tue, 29 Dec 2009 13:18:37 +0000 TSH http://newelliottwaverule.org/announcing/

This is a Breakthrough in Elliott Wave Rules.

The New Elliott Wave Rule Finally Made Available!

Through researching technical analysis and numerical relationships in markets a new discovery was made. Elliott Wave Rules just got an Upgrade, 1st in 70 Years. Now you can see the New Elliott Wave Rule on your charts. It surprised me as much as it will surprise you.

If you are looking for a Stock, Futures, Commodities or Forex Trading System then may I suggest there is none more precise with this new Elliott Wave Rules method applied.

See How it will Improve Your Trade Decisions in Forex, Stocks or Commodities.

Start Making Better Entries!

It is NOW possible to Achieve Definitive Wave Counts.

The NEW ELLIOTT WAVE RULES are in effect!

DOWNLOAD Your FREE BOOK TODAY

This is the First advancement dealing with Elliott Wave Rules in 70 Years.

Thought that Elliott Wave rules were cast in stone? RN Elliott didn’t think so.

Find out why RN Elliott could not get the exact picture of what was happening in the wave patterns even if he wanted to. As he was formulating the Elliott Wave Rules over 70 years ago he had severe technological limitations.

This information is given to the Trading and Investing world to bring The Wave Principle of RN Elliott to its deserved status as the Flagship of Technical Analysis.

Prepare to have your whole Elliott Wave Rules paradigm revolutionized.

Enjoy it and profit from it.

Warmest Regards,
TS Hennessy