Elliott Waves Suggest Bottom Is Not Yet In For Energy Stocks

A new article has been posted on Forbes.com and will be yet another learning experience for readers of this blog.



3 Comments

  • shawn

    Thank you for the very helpful and easy to understand wave counts. I also appreciate the alternate counts as well. This to me is what many people miss when using EW which is taking advantage of the smaller subdivision trades while waiting for the wave count to show itself

    Regards

  • I am curious about your use of an arithmetic chart for a long-term chart like this monthly chart. A logarithmic chart gives a different picture. I have always used a log chart by default but especially for longer time horizons. Your thoughts?
    Thank you.

    • Ramki Ramakrishnan

      Hi Joe, I have always held that the wave counts don’t matter so long as you know how to use them for your desired goal. Log charts will produce just as good a result as the regular charts. Just be faithful to the theory and be consistent in whichever format you are using, and you will be successful.Good luck.

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