One Of My Most Valuable Tools In Analyzing Trends: Elliott Waves
Check out the recent video I just filmed where I talk about ways to quantify the stages of each uptrend and downtrend and the sentiment associated with each of those stages.
This is just one piece of my triangular, three-pronged approach to investing. The first and most important facet to measure is the fundamental strength of a company and its valuation. Secondly, we can look to the charts also known as technical analysis. And thirdly, we can assess the sentiment of the masses.
Well, what I like about the tool that I’m sharing with you today is that it assesses the latter two and even helps us to know when a stock or index could potentially be trading at a fundamental value or when that same asset may be overpriced.
So check out today’s video. I believe you’re going to enjoy it.
Here’s the HD version:
God bless!
Thanks for posting these basics videos, Sean. It is great to review them. Are we still in wave 5 on S&P? Feels like wave 7 or more!
You’re welcome. Yes, it’s probably what they call a wave extension. However, we know the market faces extreme risks due to average P/E ratios on the S&P 500 and how far the index is away from its 200-week moving average.
Meanwhile, we’re making money “buying low and selling high”. Buying low valuations and selling higher valuations. Most people are chasing momentum and buying high and hoping to sell higher. So we’re taking far less risk to make our money. When momentum-chasing moves reverse, they bite like a rabid dog.
Hi Sean,
I want to know if this is the same one you did on July 1, 2017. I took note when I listened a while ago. I want to review it. If this is the same, I can read my note while listening again. Thanks,
It’s the one that I did at the old site that I transferred here.