Technical analysis works with trends: As every good fashionista knows

Trends, cycles, circles and surprises – all part of a day’s work for this blogger. Last week I briefly wrote about Robin Wilkin’s presentation at IFTA’s annual conference in London, 2014, attaching the video for visitors to www.sta-uk.org to watch. He uses R. N. Elliott’s wave count theory as his main technical analysis tool and I wrote: ‘this topic is tricky and, like Marmite, it tends to divide opinion’. Well, what do you know? On opening the latest issue of our Market Technician magazine (issue 86 – March 2019) we feature Murray Gunn on the Elliott Wave Principle – who also kicks off with Marmite!

Good luck, premonition, or superb timing? Who cares. The end result is that, the combination of the article (and I would suggest new students start by reading the first page of Murray’s article) and the video (where wave counts and market forecasts are especially strong) make a great primer, and leg-up, for those wanting to get to grips with the subject. I feel current students on the STA Diploma Course would benefit greatly. Note that the video is available for non-STA members to view.

Also in the magazine Jeremy du Plessis FSTA has a thought-provoking piece on point and figure, working with big versus small numbers – a subject dear to my heart and where a strong grip of percentages and ratios comes in handy. A third interesting article was penned by Thomas N. Bulkowski, perhaps not a familiar name, but the many books under his belt specialise in chart patterns and price targets.

Underlining the breadth of content, David McMinn writes on cycles, specifically lunar ones in connection with the Dow Jones Industrial Index. Tables and dates of key sun and moon points will be real gems for those interested in delving into this area. Finally STA Committee member Bernard J.C. Tyler MSTA gives us an update on the markets outlook for 2018 which he delivered and January’s  2018 STA monthly meeting. His methodology anticipated October’s collapse in US indices.

I would urge those who are not STA members to borrow a copy of the Market Technician – and for members to willingly lend it to those genuinely wanting to learn.

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Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Technical Analysis Training, Trading, Trending
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The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA.

The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

None of the information on the STA’s blog constitutes investment advice.

About Nicole Elliott

Nicole Elliott

A graduate of the London School of Economics and Political Science (BSc Social Psychology) Nicole Elliott has worked in banks in the City of London for the last 30 years. Whether in sales, trading or forecasting technical analysis has always been the bedrock of her thinking. Key expertise lies within all areas of treasury: foreign exchange, money markets, fixed income and commodities.

She has also added to the body of knowledge of the industry writing the first western book on Ichimoku Cloud Charts. Strong media links and a cult following are due to her prescient calls on the markets and often entertaining format.

Nicole can be contacted at trending@sta-uk.org

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