Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Submit Post

Latest topics

» නුදුරු ආර්තික අවපාතයට මුහුන දීම සදහා වඩාත් උචිත වන්නේ මේ අතරින් කුමක්ද? පහදා දෙන්න.
by kadik Yesterday at 11:08 pm

» EPF attack plans by Cabraal
by MoneyLover Yesterday at 8:50 pm

» SEC to take measures to support the stock market
by Quibit Yesterday at 8:21 pm

» CSE should be closed temporarily
by God Father Yesterday at 8:04 pm

» Summary of Rules and Guidelines for Corrective Waves Zigzag
by evapattern Yesterday at 7:38 pm

» Sri Lankan Economy - "Post-Covid19"
by God Father Yesterday at 7:23 pm

» Price band for individual stock at CSE
by MoneyLover Yesterday at 7:00 pm

» කොරෝනා නසන ‘අවිගන්’ ඔසුව පැය 48ක් තුල ලංකාවට.. ඇණැවුම් කර අවසන්.. අතහිත චීනයෙන්…
by Teller Yesterday at 5:42 pm

» Why are Sri Lankans continuously loose money in the stock market
by Quibit Yesterday at 1:28 pm

» Sri Lanka Economy
by Quibit Yesterday at 10:53 am

» Sri Lanka Rupee Exchange Rate
by Quibit Yesterday at 10:45 am

» SAMPATH BANK has postponed ANNUAL GENERAL MEETING. What will happen to the XD date?
by bhanu Yesterday at 8:15 am

» MINIMUM rate of return you expect from the CSE equity portfolio
by Optimus Prime Yesterday at 5:02 am

» What will happen tomorrow?
by bhanu Sat Mar 28, 2020 8:19 pm

» Govt to Refund 20% of EPF Contribution to Members
by God Father Sat Mar 28, 2020 5:01 pm

» ඩොලරයේ විකුණුම් මිල රු. 189 ඉක්මවයි
by God Father Sat Mar 28, 2020 8:25 am

» Are you subscribing to Kapruka IPO?
by Teller Fri Mar 27, 2020 10:41 pm

» dow seems loosing the 6% gained now 3% lost
by fastandeasygrowth Fri Mar 27, 2020 10:00 pm

» CORONA VIRUS: Latest Updates
by Teller Thu Mar 26, 2020 9:11 pm

» WORLD WAR 111...
by Yahapalanaya Thu Mar 26, 2020 8:24 am

» Sri Lanka economy: A plan for aftermath of Corona
by anges Thu Mar 26, 2020 4:57 am

» Economy of Sri Lanka
by anges Thu Mar 26, 2020 4:54 am

» Globle Cooling
by roshan1039 Wed Mar 25, 2020 3:11 pm

» LATEST NEWS-GLOBAL STOCK MARKETS SURGE!
by samaritan Wed Mar 25, 2020 11:15 am

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Elliott Wave Principle and Wave Equality

Elliott Wave Principle and Wave Equality

Go down  Message [Page 1 of 1]

1Elliott Wave Principle and Wave Equality Empty Elliott Wave Principle and Wave Equality on Mon Feb 24, 2020 6:23 pm

evanpattern


Stock Trader
[size=40]Elliott Wave Principle and [/size][size=32]Wave Equality[/size]
 
One of the guidelines of the Wave Principle is that two of the motive waves in a five-wave sequence will tend toward equality in time and magnitude. This is generally true of the two non-extended waves when one wave is an extension, and it is especially true if the third wave is the extension. If perfect equality is lacking, a .618 multiple is the next likely relationship (see Chapters 3 and 4).
gold signals
 
When waves are larger than Intermediate degree, the price relationships usually must be stated in percentage terms. Thus, within the entire extended Cycle wave advance from 1942 to 1966, we find that Primary wave traveled 120 points, a gain of 129%, in 49 months, while Primary wave traveled 438 points, a gain of 80% (.618 times the 129% gain), in 40 months (see Figure 5-5), far different from the 324% gain of the third Primary wave, which lasted 126 months.
 
When waves are of Intermediate degree or below, the price equality can usually be stated in arithmetic terms, since the percentage lengths will also be nearly equivalent. Thus, in the year-end rally of 1976, we find that wave 1 traveled 35.24 points in 47 market hours while wave 5 traveled 34.40 points in 47 market hours. The guideline of equality is often extremely accurate.
Charting the Waves
gold signals
 
A.   Hamilton Bolton always kept an "hourly close" chart, i.e., one showing the end-of-hour prices, as do the authors. Elliott himself certainly followed the same practice, since in The Wave Principle, he presents an hourly chart of stock prices from February 23 to March 31, 1938. Every Elliott wave practitioner, or anyone interested in the Wave Principle, will find it instructive and useful to plot the hourly fluctuations of the DJIA, which are published by The Wall Street Journal and Barron’s. It is a simple task that requires only a few minutes’ work a week. Bar charts are fine but can be misleading by revealing fluctuations that occur near the time changes for each bar but not those that occur within the time for the bar. Actual print figures must be used on all plots. The so-called "opening" and "theoretical intraday" figures published for the Dow averages are statistical inventions that do not reflect the averages at any particular moment. Respectively, these figures represent a sum of the opening prices, which can occur at different times, and of the daily highs or lows of each individual stock in the average regardless of the time of day each extreme occurs.
 
توصيات الذهب
The foremost aim of wave classification is to determine where prices are in the stock market’s progression. This exercise is easy as long as the wave counts are clear, as in fast-moving, emotional markets, particularly in impulse waves, when minor movements generally unfold in an uncomplicated manner. In these cases, short term charting is necessary to view all subdivisions. However, in lethargic or choppy markets, particularly in corrections, wave structures are more likely to be complex and slow to develop. In these cases, a longer term chart often effectively condenses the action into a form that clarifies the pattern in progress. With a proper reading of the Wave Principle, there are times when a sideways trend can be forecasted (for instance, for a fourth wave when wave two is a zigzag). Even when anticipated, though, complexity and lethargy are two of the most frustrating occurrences for the analyst. Nevertheless, they are part of the reality of the market and must be taken into account. The authors highly recommend that during such periods you take some time off from the market to enjoy the profits made during the rapidly unfolding impulse waves. You can’t "wish" the market into action; it isn’t listening. When the market rests, do the same.
The correct method for tracking the stock market is to use semilogarithmic chart paper, since the market’s history is sensibly related only on a percentage basis. The investor is concerned with percentage gain or loss, not the number of points traveled in a market average. For instance, ten points in the DJIA in 1980 meant a one percent move. In the early 1920s, ten points meant a ten percent move, quite a bit more important. For ease of charting, however, we suggest using semilog scale only for long term plots, where the difference is especially noticeable. Arithmetic scale is quite acceptable for tracking hourly waves since a 40 point rally with the DJIA at 800 is not much different in percentage terms from a 40 point rally with the DJIA at 900. Thus, channeling techniques work acceptably well on arithmetic scale with shorter term moves.
[rtl]توصيات العملات [/rtl]

https://www.gold-pattern.com/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum