Breakthrough Strategies for Predicting Any Market: Charting Elliott Wave,

Lucas, Fibonacci and Time for Profit

By Jeff Greenblatt
Copyright © 2007 by Jeff Greenblatt

Index

ABC corrections
Fibonacci relationships and, 139
flat pattern, 251–53
and overlap rule, 33–36
overview, 6, 7, 8
and price projections, 152–53
pullback, 127
sharps, 23–25, 51, 74–77, 146, 149, 158, 182–84, 200
time relationships in, 23–29, 30–33
advancing waves, 174
Alcoa, 146–51, 169–71
Altria Group, 271, 273–74
Amgen, 156, 157–58, 171–73
Appel, Gerald, 90
Apple Computer, 159–60
Arch Coal, 177–78, 252, 253–57
Australian Dollar, 201–8

bar counts
confirmation from, 47–48
corrective legs and, 51
overview, 18, 43–44, 57, 276
paying attention to, 99–100, 113, 159
position in trend and, 54
Breakthrough Strategies for Predicting Any Market

See also time bars

Barrick Gold, 247–48
Bartiromo, Maria, 231
Baruch, Bernard, 54
bear market
and clusters, 117–20
domination of high-to-high cycle, 43, 44–45, 56–57
moving averages from bull to, 122–25
rotation cycle from bull to, 48–50
rotations, 43, 44–48
and sentiment, 12
triangle pattern, 11
bear market crash, 86–87
bear phases, 42–43, 45, 64, 127, 139, 169–70
Beazer Homes, 255, 257–58
Beyond Candlesticks (Nison), 68
Billiton Ltd., 189, 190–92
Biogen, 178–79
Biotech Holders Trust, 91, 92–93, 244, 245–46, 272, 274
Biotech Index, 62, 63–64
Bollinger Bands, 68
bond chart, 259, 260–61
Bradshaw, Terry, 221
bull market
domination of low-to-low cycle, 42–43, 56–57
moving averages from bear to, 122–25
rotation cycle from bull to bear, 48–50
rotations, 42–43, 55–62
and sentiment, 12–13, 14
triangle patterns, 11
bull phases, 42–43, 64, 84, 139, 151–54, 169–70
butterfly pattern, 168–74

calculations
advanced, 190–94
complexity of, 147, 151
effect of extensions, 167
gap issues, 181
for high probability targets, 253–67
interwave, 1–2, 51, 161, 181, 186–88, 207–8
over thinking, 23–24
thrust measurement, 10–11, 30–33, 183–84
time calculations, 23–24, 147, 192, 203, 275
with trading bars vs. calendar days, 18
See also Fibonacci series; Lucas series
Cambridge Handbook of Expertise and Expert Performance, The (Ericsson, Feltovich,
and Hoffman), 225–26
candlesticks
blended morning star pattern, 254–55, 264
 Index

in complex sideways correction, 26–27

confirming support, 78–79
evening star pattern, 30, 84–85, 111, 124, 150, 201–2
failure at resistance, 26, 72–75, 76, 85, 87, 111
high-wave, 84, 199, 201, 258, 264
morning star pattern, 63, 76, 80, 157, 261, 262–63
overview, 67–68, 68–72, 272
polarity lines and zones, 78, 79–82
and reversals, 74–77, 105
in sharp correction, 24
support and resistance, 68–79
time resistance, 74, 76–77, 87–88
Carlstedt, Roland, 221–23, 230–31
chaos theory, 19, 161
charts
scaling down, 47, 63, 105–6, 114, 120, 190–91, 253, 269
scaling up, 21, 78–79
support and resistance lines on, 70–72
See also candlesticks; daily charts; hourly charts; intraday charts; minute charts;
time bars; weekly charts
childhood stress, 217
Cisco, 173–74
Citigroup, 25–27, 29, 30, 70–72
clusters
and bearish market, 117–20
buy signals in weekly charts, 132–35
Fibonacci retracement clusters, 154, 155, 271–72
of multiple relationships, 68, 72, 77, 82–83, 87, 123, 132–35, 253, 269
price clusters, 18–19, 26–27
price point retracement clusters, 139
on pullbacks or spikes, 52–53, 101
and swing trading, 99
See also time clusters
cocoa, 37–38
Colgate Palmolive, 248, 249–50
common Fibonacci relationships, 21, 28, 76, 146–57, 179
common interwave relationships, 74, 175–79, 186
common triangle relationships, 22
complex sideways corrections, 6, 7–9, 10, 19, 25–29
contracting triangles, 9–11
corrections
and bar count, 51
as basis for extensions, 166–74
buying off, 271, 273–74
complex sideways, 6, 7–9, 10, 19, 25–29
expanded flat, 27–29
extension projections, 175–79
flats, 6, 7–9, 10, 19, 27–29, 251–53
legs as 3’s, 7’s, and 11’s, 35–36
Breakthrough Strategies for Predicting Any Market

overview, 23–24
projections for end of, 145
sideways, 56–57
and time bars, 19, 21–23
waves following, 167
in XAU, 95–97
See also ABC corrections; pullbacks; retracements; triangles
corrective waves
and Gartley pattern, 168–74
and overlap, 6, 102, 148–49
relationships of, 186–89
and triangles, 9–11
wave patterns, 3, 6–9
See also ABC corrections
crowd mentality, 137–38, 229–31
crude oil, 34–35, 101–2, 256, 258–60
CTV News, 215–16
cup and handle patterns
Hologic Inc., 126–28
Keithley Instruments, 128–31
overview, 125–26
Skechers, 131–34
cycles
cycle completion, 43, 93, 193
high-to-high, 43, 44–45, 56–57
low-to-low, 42–43, 56–57
rotation cycle from bull to bear, 48–50
top of bullish rotations, 57–59
See also time cycles

daily bearish rotation, 46–48

daily charts
bullish rotation pivots, 55–56
buying off corrections, 271, 273–74
fast moving bear, 46–48
hourly charts vs., 119–20
intraday charts vs., 97
MACD divergence, 91, 92–93, 95, 197–99
position in trend, 54
price projections with, 147–48, 149, 201–3
sideways correction, 56–57
triangle pattern, 62, 63–64
volume and moving averages, 120–22
day trading, 59
December Bond Futures, 72–74
degrees of trend, 15–16, 48, 55–57, 88, 99–100
Demers, Jacque, 215
diagonal triangles, 11–12, 36–39
Dispenza, Joe, 226
 Index

divergence
bar count in sideways market vs., 113–14
crude oil, 101–2
Dow E-mini, 99–101, 109–13
Halliburton, 106–9
overview, 89–90, 97–98, 253
US Dollar, 103–6
See also MACD
doji bars, 111, 120, 178
Douglas, Mark, 85, 214–15, 216, 227, 228
Dow, 35–36, 82–83, 192
Dow E-mini, 98–101, 99–101, 109–12
Dow Transports, 183–84, 257, 258–60
Dupont, 249, 250–51

Edwards, Robert D., 1, 3

Elliott, Ralph Nelson, 1
Elliott wave theory
on diagonal triangles, 37
and Fibonacci relationships, 2, 54
flaws of, 15–16, 148, 159, 276
on impulse waves, 4
learning process, 115
overlap rule, 33–39
overview, 1–2, 17–19
Random Walk Theory vs., 15
and rotation, 50–51
time cycles vs., 129–31
See also Fibonacci series; wave patterns
emotions, 137, 224. See also news events; sentiment
ending diagonal triangle, 36–39
energy work, life-transforming, 237
engulfing reversal pattern, 72, 100
entry points
buying dips, selling rallies, 267–73
buying off corrections, 271, 273–74
and divergence, 258
going long, 120–22, 206, 258, 262–63
in harami reversal, 269
overview, 47–48, 49, 53, 54
on tails, 252–53, 263
volume and, 127–35
waiting for, 245–46, 248, 250, 265
See also clusters; shorting opportunities; time clusters
Ericsson, Anders, 225–26
Euro/Yen pair, 197–201
evening-star pattern, 30, 84–85, 111, 124, 150, 201–2
exhaustion gap, 127
expanded flat corrections, 27–29
Breakthrough Strategies for Predicting Any Market

expanded flat pattern, 8–9, 251–53

expanding triangles, 9–11
extension projections, 145, 172–79, 187–89
extensions
adding time element, 174–81, 185, 186–89, 193–94
corrections as basis for, 166–74
and Fibonacci price projections, 141–47, 151–53, 157–61, 246, 250
of impulse waves, 5–6, 14, 21, 32
low-probability scenarios, 157–61, 183–84
off triangle breakouts, 182–85
overview, 159

failure at resistance, 26, 72–75, 76, 85, 87, 111

fast moving bear rotation, 46–48
Fibonacci Forecaster, 55, 57
Fibonacci price projections
and common relationships, 146–51, 179
and extensions, 141–47, 151–53, 157–61, 246, 250
overview, 137–39, 157
without time cycles, 140–43
See also price projections
Fibonacci relationships
and ABC corrections, 139
common, 21, 28, 76, 146–57, 179
and Elliott wave theory, 2, 54
in impulse sequence, 5
interwave, 10, 74, 143, 159, 193–94
interwave calculations, 1–2, 51, 161, 181, 186–88, 207–8, 254–55
and time cycles, 20–21
time principle guidelines, 19
Fibonacci retracements
in chart analysis, 143–45, 154–57
clusters, 154, 155, 271–72
and moving averages, 134–35, 139
price-based, 76, 87, 139, 151
and pullbacks, 156–57, 207
See also price retracements; retracements
Fibonacci series
as high-probability windows, 38–39
and Lucas series, 2, 20–21
and NASDAQ crash, 87
size of move and, 29
and spikes, 45
Fibonacci time principle guidelines, 19
5-wave sequence
ABC sharp vs., 146
analyzing charts, 20–21, 44–46, 103–6, 146–51, 154–57
in contracting triangles, 10
and extension points, 157–58
 Index

and MACD, 90–93

and price projections, 144–45
with three-wave corrective progression, 202
and top of wave, 207
flat corrections “flats,” 6, 7–9, 10, 19, 27–29, 251–53
“flow” state of mind, 215
forecasting. See Fibonacci price projections; price projections
forecasting divergences, 95–97
Forex market
Australian Dollar, 201–8
Euro/Yen pair, 197–201
overview, 195–97, 209–11
USD chart, 103–6
Yen, 208–9, 210
futures contracts, 60, 72–74, 196, 231

Gann, W. D., 2, 16, 145, 159–60, 206

Gann 108 bar cycle, 200
gaps
complexity caused by, 181
exhaustion gap, 127
gap-and-crap spike, 157
overview, 2, 16
and rotation, 53–55
in support and resistance, 68, 79
testing and confirming resistance, 30, 34–36, 105–6, 124–25
and time element, 32–33
Gartley pattern, 168–74
General Motors, 263, 264–67
geometric elements, 151
going long, 120–22, 206, 258, 262–63
gold and gold stocks, 27–28, 52–53, 143–46, 247–48
Google, 23–24, 25, 30–23, 30–31, 117–20
Gove, Bill, 223–24
Gretzky, Wayne, 138

Halliburton, 106–9
harami reversals, 70–72, 106, 108, 202, 269
Harley Davidson, 260, 261–63
high-to-high cycles, 43, 44–45, 56–57
high-wave candles, 84, 199, 201, 258, 264
Hogatt, Verner E., 3
Hologic Inc., 126–28
Holographic Resonance Repatterning, 237
Homma, Munehisa, 68
Host Hotels & Resorts, 262, 263–64
hourly charts
candle and bearish divergence, 119–20
complex sideways correction, 25–27
Breakthrough Strategies for Predicting Any Market

MACD divergence, 94–95, 103–4, 204, 245–50, 259, 260–65

and overlap rule, 34–36
for swing trading, 47
thrust measurement, 30–33
triangle extension, 184–85
hurricane Katrina and oil run, 214
hypnosis, 236–37

IBD (Investors Business Daily), 115–16, 128–34, 139

IBM, 175–76
impulse waves, 3–6, 9–12, 33–39. See also 5-wave sequence
impulse waves overlap rule, 4–6, 33–39, 45, 68, 155–56, 177–78
institutional trading, 94–95
Intel, 46–48
intelligence tests, 221
interwave calculations, 1–2, 51, 161, 181, 186–88, 207–8
interwave extensions, 141–43, 159. See also extensions
intraday charts
crude oil, 101–2
daily time frame vs., 63–64
Dow E-mini, 99–101, 109–13
Halliburton, 106–9
on indices, 135
overview, 18–19, 97–98, 207–8
position in trend, 54
and resistance, 83
and size of move, 29
and triangles, 10, 63
US Dollar, 103–6
See also hourly charts; minute charts
intraday forecasting, 97
Investors Business Daily (IBD), 115–16, 128–34, 139
irregular flat pattern, 8–9

Japanese candlesticks, 68
Joe Gremlin phenomena, 230–31, 234–35

Kaltbaum, Gary, 116

Katrina and oil run, 214
Keithley Instruments, 128–31
Kendall, Maurice, 16
Kimberling, Clark, 3

laws of impulse waves, 4, 33–39

Levenson, Lester, 238
London bombing, 149–50
low-to-low cycles, 42–43, 56–57
Lucas, François Édouard Anatole, 2
Lucas series
 Index

and ABC sharp correction, 74–77

as complement to Fibonacci, 2–3
and corrections, 21–23
as high-probability windows, 38–39
and NASDAQ crash, 87
size of move and, 29
and spikes, 45
and time cycles, 20–21, 83–84, 202
Lucas time bars, 43

MACD (moving average convergence divergence)

bearish divergence, 151–52
and downtrend in Australian dollar, 204–6
and Forex, 210
high-probability setups, 245–53
and intraday divergences, 98–113
length of divergences, 93–95
overview, 90–93
and price action, 90–92, 99, 101–2
second highs and, 261
and tails, 252–53
time clusters for forecasting, 95–97
and uptrend in Australian dollar, 201–3, 207–8
and uptrend in Euro/Yen pair, 197–200, 201
Magee, John, 1, 3
Malkiel, Burton, 15, 16
market positions. See entry points
mental toughness
accepting responsibility, 229
handling losses, 227–28
living in the present, 233–35
mastery as, 225–27, 250
methods for developing, 235–39
“never give up” attitude, 164–66
overcoming crowd mentality, 137–38, 229–31
overview, 213–14, 223–24, 239, 275–76
personal healing, 214–20
the zone, 221–23
See also patience
minute charts
confirming support with, 77, 78
and divergence, 99–101, 109–13, 253, 261
and Elliott wave theory, 15–16
and Forex, 200–202, 208–10
rotation and, 48–50, 59–61, 59–62
and time element, 271
momentum divergences, 91, 96
momentum indicators, 93–95, 113–14, 135. See also MACD
morning star pattern, 63, 76, 80, 157, 261, 262–63
Breakthrough Strategies for Predicting Any Market

morning star pattern, blended, 254–55, 264

Motorola, 20–21
move, size of, 29, 32
moving averages
and downtrend in Australian dollar, 204–6
and Fibonacci retracements, 134–35, 139
and O’Neil philosophy, 115–16
strongly trending market and, 93–94
and support or resistance, 68
and time clusters, 95–97, 116–22, 133
tracking bull to bear, 122–25
and uptrend in Australian dollar, 201–3, 207–8
and uptrend in Euro/Yen pair, 197–201
volume, time clusters, and, 120–22
See also MACD

NASDAQ
bear market, 187–88
bear market crash, 86–87
cycle top, 57–59
and Fibonacci extension points, 160–61
Gartley pattern, 169
high various projections, 186–87
intermediate term top, 55–57
polarity lines, 78, 79–81
NASDAQ E-mini (NQ), 22–23, 69–70, 268, 269, 270–73
National Football League (NFL), 89–90, 163
NDX, 33–34, 59, 74, 77–78
negative divergences, 92–93
Neuro-Linquistic Programming (NLP), 236
neuronets, 226
Newmont Mining, 44–46
news events, 15, 22, 97–98, 149–50, 189, 196
New Trading Dimensions (Williams), 215, 230, 232–33
NFL (National Football League), 89–90, 163
Nison, Steve, 68, 76, 79
NLP (Neuro-Linquistic Programming), 236

oil run after Katrina, 214

O’Neil, William, 115–16, 125
one minute charts, 59–61, 109–13. See also minute charts
organization of bars and strength of trend, 42–43, 53, 56–59, 64, 74
Orr, Leonard, 233
overlap
charts with, 69, 77, 78
and corrective waves, 6, 102, 148–49
in diagonal triangles, 11–12
and impulse waves, 4, 6, 155–56
overlap rule, 4–6, 33–39, 45, 68, 155–56, 177–78
 Index

passion, 224
patience
and better-looking setups, 194, 209–10
crowd psychology vs., 95
greed vs., 79
as overcoming mistakes, 89–90
overview, 242–44
and risk reward ratios, 47–48, 114
in swing trading, 194, 211
waiting for entry points, 245, 248, 250
pattern recognition systems, 1, 3, 19, 28. See also Elliott wave theory; wave counts;
entries beginning with “time”
Pesavento, Larry, 168
pivots
in bullish rotations, 55–57
and Fibonacci or Lucas bars, 47
overview, 38–39
spikes, 45–46, 47–48, 52, 54
tracking bars and, 52
as triangles, 43
well-organized highs, 59
See also pullbacks; resistance
polarity lines and zones, 78, 79–82, 83, 104–5
polarity principle, 79
positive divergences, 205, 248, 256
poverty mentality, 218–20
practice, mastery from, 225–26, 250. See also mental toughness; patience
Prechter, Robert, Jr., 1, 4–5, 13–15
preparation, importance of, 42
prevailing trend, 3, 7–9, 12, 90–91, 264
price action
and Bollinger bands, 111
clusters of multiple relationships and, 76–77, 123, 269
and cycle completion, 199
and MACD divergences, 90–92, 99, 101–2
and moving averages, 111, 114, 121–25
and price points, 38–39
and time bars, 43, 87
and time factor, 272–73
price bars, 42. See also rotation
price clusters, 18–19, 26–27
price point retracement clusters, 139
price points, 38–39, 126–27, 257–58
price projections
and ABC corrections, 152–53
with daily charts, 147–48, 149, 201–3
extensions based on corrections, 166–67
extensions off triangle breakouts, 182–85
Breakthrough Strategies for Predicting Any Market

and Gartley pattern, 168–74

larger degree projections, 185–89
with time factor, 174–81
See also Fibonacci price projections
price retracements
and 5-wave sequence, 147–48
overview, 75–77, 150–51, 171
and time cycle, 87, 270–73
See also Fibonacci retracements; retracements
projections, 61, 137–38
psychology of trading, 214–20, 228–31
pullbacks
clusters on, 52–53, 101
as fourth wave, 4
importance of first, 48, 49–50
interpreting, 33–34, 54
on intraday basis, 99–101
and overlap rule, 50–51
with triple bottom, 201
and volume, 6, 14, 23, 133
See also corrections

Qualcomm, 122–25

rally phases, 185–86, 214, 235

Random Walk Down Wall Street, A (Malkiel), 15
Random Walk Theory, 15, 16, 137–38
rejection, 218
relationships
common interwave, 74, 175–79, 186
of corrective waves, 186–89
final leg to first wave, 179–80
See also clusters; Fibonacci relationships; time relationships
resistance
failure at, 26, 72–75, 76, 85, 87, 111
in flat corrections, 8
retracements and, 150
testing and confirming, 30, 34–35
in third waves, 13
time, price clusters, and, 18–19, 26–27
See also support and resistance
retracements, 6–7, 140–43, 145, 154–57. See also Fibonacci retracements; price
retracements
reversals
candlesticks and the time element, 74–77, 105
clusters and, 52, 118–19
engulfing, 72, 100
evening-star pattern, 30, 84–85, 111, 124, 150, 201–2
failure at resistance, 26, 72–75, 76, 85, 87, 111
 Index

harami, 70–72, 106, 108, 202, 269

and retracement level, 171
support, resistance, and, 74–77
time reversal shorting opportunity, 117–18
tweezers reversal, 272–73
waiting for, 245
risk reward ratios
discipline, patience, and, 47–48
example of, 49–50
and gaps, 53–54
low risk/high reward trades, 30, 72, 87, 145, 159–60, 171, 179
rotation
bearish markets, 44–48
bullish markets, 55–62
cycle from bull to bear, 48–50
and Elliott Wave Theory, 50–51
gaps and, 53–55
overview, 41–44, 51–53
sideways markets, 62–65
studying one minute charts, 59–62
RSI, 16, 113, 169
Rule of Alternation, 4–5
running corrections, 127

Safeway Stores, 151–54

sales, going the extra mile in, 164–66
Schabacker, Richard W., 1
Sedona Method, 238–39
Semiconductors Holder Trust, 185–86, 193
sentiment, 6, 12–15, 143, 144
sharp corrections “sharps”
ABC sharps, 23–25, 51, 74–77, 146, 149, 158, 182–84, 200
overview, 6–7
shorting opportunities
in bearish divergence, 152
in bear rotations, 45, 47
clusters and, 120
from divergence, 107–8
end of, 253–54, 262–63
and final leg to first wave relationships, 179–80
and MACD divergences, 245
and support line, 79
time reversal, 117–18
sideways corrections, 6, 7–9, 10, 19, 25–29, 56–57
sideways markets, 62–65
Siebold, Steve, 224
silver, 251–53
Skechers, 131–34, 154–57
SMH, 185–86, 193
Breakthrough Strategies for Predicting Any Market

SOX, 81–82, 184–85

S&P 500, 58–59, 74, 192, 265, 266, 267, 268–70
spikes, 45–46, 47–48, 52, 54
SPX, 57–59, 83, 92, 93
Starbucks, 179–81, 193
stochastic, 93–95
stock selection, 135
Strategies for Profiting with Japanese Candlestick Charts (Nison), 68
stress, 217
support and resistance
confirming support, 78–79
failure at resistance, 26, 72–75, 76, 85, 87, 111
lines on chart, 70–72
overview, 68–70
polarity lines and zones, 78, 79–82, 83, 104–5
and reversals, 74–77
Swannell, Rich, 6–7
swing trading
clusters and, 99
patience and, 194, 211
pattern recognition and, 171, 178
using hourly time frame, 47–48

termination points, 158

thrust measurement, 10–11, 30–33, 183–84
time bars
aggressive trading based on, 99, 108
confirming patterns with, 10, 19–21
Elliott waves or Fibonacci vs., 159
in Forex market, 196
and moving average, 133, 135
timing cycles and, 43, 54, 70, 81–82, 111
and trend strength, 123
trend strength and organization of, 42–43, 53, 56–59, 64, 74
and triangles, 19, 21–23
See also bar counts; charts
time calculations, 23–24, 147, 192, 203, 208–11, 275
time clusters
and degrees of trend, 55–57
and divergence, 199
effect of, 91–92
for forecasting divergences, 95–97
high-to-high cycle, 47
and moving averages, 116–20, 133
price relationships and, 18–19, 52
at resistance, 26
retests and, 59
volume, moving averages, and, 120–22
See also clusters
 Index

time cycles
avoiding whipsaw market with, 62–64, 123
and buy signals, 268–69
for counting waves, 5
Elliott waves vs., 129–31
and Fibonacci series, 20–21
and Lucas series, 20–21, 83–84, 202
moving averages and, 270
and price retracements, 87, 270–73
and thrust measurement, 32–33
and time bars, 43, 54, 70, 81–82, 111
volume, base building and, 130–31
See also cycles
time relationships
in ABC corrections, 23–29, 30–33
in clusters, 72
in ending diagonals, 37–39
geometric, 151
and overlap, 35–36
overview, 64–65
in triangle pattern, 21–23
and wave patterns, 22–32
See also 5-wave sequence; time clusters
time resistance, 74, 76–77, 87–88
time reversal shorting opportunity, 117–18
time segments, 18
time studies, 2
time window numbers table, 38
trading bars, 18. See also bar counts; time bars
Trading in the Zone (Douglas), 215
trailing indicators, 93–95. See also MACD
trend change
confirming, 192
degree and, 88
example of, 117–20
in first hour of trading, 97, 113
rotation and, 43, 48, 49–50
from well-organized pivot highs, 59
trend channel lines, 68
trends
degrees of trend, 15–16, 48, 55–57, 88, 99–100
middle 80% of, 54
organization of bars and strength of, 42–43, 53, 56–59, 64, 74
tone for day and, 97–98, 111, 113
triangles
contracting and expanding, 9–11
diagonal triangles, 11–12, 36–39
expanded flat correction vs., 27–29
and fourth waves, 9
Breakthrough Strategies for Predicting Any Market

overview, 9–11, 30, 32–33

price and time relationships, 23–24, 203
thrust measurement, 10–11, 30–32, 183–84
and time bars, 19, 21–23
trends as, 43
tweezers reversal, 272–73

uncertainty principle, 85
US Dollar, 103–6

Vermeil, Dick, 41–42

volatility, 48, 201
volume
base building, time cycles, and, 130–31
moving averages and, 120–22
pullbacks and, 6, 14, 23, 133
tracking bull to bear, 122–25

Walsh, Bill, 42
wave counts
accuracy of, 16, 51, 159
confirming, 5–6
cross currents and, 14
and momentum indicators, 90–92
pattern and, 10
and time dimension, 17, 21, 44–46
See also 5-wave sequence; time bars
wave patterns
advancing waves, 174
after corrections, 167
complete sequences, 7, 20–21
impulse waves, 3–6, 9–12, 33–39
impulse waves overlap rule, 4–6, 33–39, 45, 68, 155–56, 177–78
overview, 32–33
and sentiment, 12–15
and time relationships, 22–32
value of, 16
See also corrective waves; 5-wave sequence; impulse waves; rotation; triangles
Wave Principle. See Elliott wave theory
wave rotation and trend change, 43
wave sequence, complete, 7
wedge pattern, 12, 36–37
weekly charts
cluster buy signals, 132–35
cycle top on, 57–59
daily chart vs., 56, 64
and Elliott waves, 36
MACD divergence, 92, 93–95
polarity lines and zones, 78, 79–80
 Index

Williams, Bill, 14, 215, 230–31, 232–33, 234

XAU, 52–53, 95–97, 142, 143–46

Yahoo, 181, 182

Yen, 208–9, 210
Yen/Euro pair, 197–201
Young, Vince, 221

the zone, 221–23