Day nine.
Welcome all traders!
We are glad to answer for frequently asked questions.
QUESTION 1: – “Is the Elliotte wave theory applicable to the stock market?”
ANSWER 1: -. “EWA (the Elliotte wave analisys) is absolutely suitable for any markets, because related to the mass psychology of a society. And it does not matter what a society sells or buys. But analysis of the stock markets undoubtedly has a unique approach to
the specifics of a particular company. Secondly, an analysis of the stock markets will be incomplete without detailed consideration of the dollar, bonds, rates and commodity market’s trends”.
QUESTION 2: – «Are there in fact, leading indicators, and on what basis they work?”
ANSWER 2: – “Yes, they exist! The financial markets should be used as leading indicators in the analysis of other markets and often as an important confirming factor in the beginning of some volume impulses & 3-d Elliotte waves. For example, since 1970 to 1980, there was a period of hyper-inflation of commodities and at the same time, stocks and bonds fall down. Study an intermarket…
QUESTION 3: – “What do you think, what kind of events have to occur for triggering an impressive growth in commodity markets?”
ANSWER 3: – “it is very interesting and difficult question, but we will try to answer. There is no need in some “ephemeral” political statements, but global changes or fundamental claims must be! Something like that!
Do you remember the events in 1990s? On 18th July 1990 there were claims by Saddam Hussein, and then on 2nd August it was the invasion of Iraq army in Kuwait. So, as a result, gold and oil prices (GC, Brent, WTI), rose sharply and stock markets fell down harshly around the World. ”
Kind regards, Team traders “Powerful Traders”.
