A question was posed to Elliott Wave International President Robert Prechter for a classic Elliott Wave Theorist (Prechter’s monthly publication about financial markets and social trends since 1979): Under the Wave Principle, what is the most important thing to watch other than price? Prechter answered: Volume. You see, high trading volume means that traders are READ MORE |
Month: April 2020
Foreign Buyers Indicate Stock Market Top?
Let’s start by establishing that the stock market is not driven by the news. Aggregate stock prices are driven by waves of optimism and pessimism — which go from one extreme to another — as reflected by the Elliott wave model. That’s what makes the stock market predictable. Hence, Elliott wave analysis is at the READ MORE |