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Strategies & Market Trends : Elliott Wave Theory -- Ignore unavailable to you. Want to Upgrade?


To: David W. Taylor who wrote (2)12/6/2000 11:20:27 PM
From: gpowell  Read Replies (2) | Respond to of 43
 
Below is a link to a time series representing approximately 27 years of price fluctuations. You are welcome to use elliot wave analysis techniques to predict the last 4 years of this series.

Plot of time series: members.home.net
Data file: members.home.net

You don't have to be detailed in your predictions, just tell me if it trended up or down. I would however, like to see your analysis/identification of the cycles evident in the series.



To: David W. Taylor who wrote (2)12/7/2000 11:27:12 AM
From: gpowell  Read Replies (1) | Respond to of 43
 
"From a presumed 1995 peak, Fibonacci numbers point to the following years as possibly providing turning points within the bear market:

1995+3 years = 1998
1995+5 years = 2000
1995+8 years = 2003

The inflation adjusted Dow also indicates an important turning point around that time, as shown by the following Fibonacci time spans:

-The end of wave (II) in 1859+144 = 2003
-The end of wave (IV) in 1948+55 = 2003
-The end of wave (V) in 196+34 = 2000
-The end of wave (A) in 1982+21 = 2003

These list of dates unequivocally support the years 1998, 2000, and particularly 2003 as probable years for the first major bottom."

Prechter, R. R. (1995). "AT THE CREST OF THE TIDAL WAVE". Gainsville, Georgia: New Classics Library.