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.