Supertiming: The Unique Elliott Wave System
Keys to anticipating impending stock market action
By Robert C. Beckman
Supertiming: The Unique Elliott Wave System
Keys to anticipating impending stock market action
By Robert C. Beckman
Jacket text
The classic work on Elliott Wave and market cycles returned to print
During the 1930s, R. N. Elliott undertook the painstaking procedure of attempting to classify share price movements for the preceding 80 years on Wall Street. It was during the course of this seminal work that Elliott discovered a definable basic rhythm in share price movements which he felt had forecasting value when correctly applied.
In 1938 Elliott published his findings in a series of articles with the overall title “The Wave Principle”. After publication, Elliott’s work drifted into obscurity, until Robert Beckman’s ‘Supertiming’ introduced it to a new audience.
In this renowned work, Beckman sets out with three main objectives:
1. To clarify obscurities and grey areas of The Wave Principle that were present in Elliott’s original writing.
2. To incorporate the work of other analysts in order to allow the Wave Principle to have a broader application.
3. To show the correct conceptual approach that should be used with the Wave Principle so that one can apply it with confidence and consistency.
If you are willing to approach the subject of stock market behaviour with an open mind, who have faith in the fundamental laws of economics and the consistency of human nature, and who would like to avoid the pitfalls that have deluded the investment community for decades, this is the book for you.
About the author
Beckman's background includes formal training as an economist. He is also an ex-Wall Street stockbroker, market trader, fund manager, financial journalist, lecturer and author of seven books on the subject of investment.
Contents
Publisher's Preface
Introduction
One: The Origins of the Wave Principle
First contacts with Wall Street
Elliott and the Economists
The Grand Super Cycle
The Five-wave Concept
The Need to be a Genius?
Two: Reality in the Stock Market
$2,000 to $1,000,000
The Future not the Past
Cyclical Nature of the Market
Time Frame Relative - not Fixed
Classification of Waves
Three: Elliott... Pure and Simple
A Rhythmic Pattern of Waves
Elliott's Five Basic Tenets
Bull Market - Bear Market
Ground Rules
Application to Investment Strategy
Probabilities not Absolutes
Practice Runs
Four: "Like a Circle in a Spiral, a Wheel within a Wheel"
The Wave Count
Breakdown of Primary Market Cycle
Pivotal Points
1984
Normality and Variations
The Market is Always Right
Improving Investment Performance
Five: The Fibonacci Summation Series
The Series
W. D. Gann's Numerical Approach
The Fibonacci Series in Art and Nature
Examples from Nature's Law
Fibonacci and Cyclical Behaviour
Brilliant... or Ludicrous?
Open Mind - Successful Investment
Six: Applying the Fibonacci Series
Choice of Stock Exchange Data
A Psychological Phenomenon
Pattern
Time
Ratio
Calculations and Examples
The "Non-Absolute" Nature of Elliott
Stock Market History and the Summation Series
Seven: The Trend Channel
Logarithmic and Arithmetic Scales
Forecasting using Trend Channels
Frames of Reference, not Predictions
Deviations from "Normative" Behaviour
F.T.30, January 1975-February 1976
Eight: Elliott, Inflation and the Fifth Wave
Inflation in Britain
Inflation in the U.S.A. and Fibonacci
Early Warnings of Inflation
Extensions
Extensions of Extensions
Retracements and Double Retracements
Double Retracement and the Extended Fifth Wave
Nine: Incorrigible Behaviour
Extensions in the Corrective Phase
Corrective Wave Formations - "Zigzag"
Maximum Corrective Action
Use in Investment Strategy
Further Corrective Wave Formations
The "Flat"
"Irregular Corrections"
Ten: "Double Threes", "Triple Threes", "Horizontals", "Triangles"... and all that!
Complex Corrections
Triangles and Horizontals
The Tension in the Triangle
Enlargement of Corrections
Use of the Time Factor
Action after the Corrective Wave
Eleven: The Finishing Touches
Breakdown of the Impulse Waves
Elliott's Theory of Alternation
Erroneous Counting
"Failures"
"Thrusts"
Volume
Moving Averages
Ancillary Indicators
Twelve: Practical Application of the Wave Principle
Terminal Endings
The Next Ten Years
Sequence for Selling
Trading Intermediate Term Movements
Confirmation of Terminal Junctures
Applications to Individual Share Price Movements
The Final Word
Appendix: "The Wave Principle"
Introducing "The Wave Principle"
The Wave Principle: Part II
The Wave Principle: Part III
The Wave Principle: Part IV
The Wave Principle: Part V
The Wave Principle: Part VI
The Wave Principle: Part VII
The Wave Principle: Part VIII
The Wave Principle: Part IX
The Wave Principle: Part X
The Wave Principle: Part XI
The Wave Principle: Part XII
Bibliography
| Published: | 28/02/2014 |
|---|---|
| Edition: | Reprint |
| Pages: | 216 |
| Formats: | paperback - ISBN 9780857193407 ebook - ISBN 9780857193834 |
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