In the video clip below, I am discussing My Elliott wave analysis on MFE. The stock triggered my system on Friday April 28th. Follow my reasoning to the conclusion that investing in a LEAP bull call spread may be a good idea.
to view the video, enter this URL in your browser's address field:
http://www.pathometrix.com/Movies/MFE.mov
You can download this and any other of my videos by simply going to the directory menu, locate the title of interest, right click on the title and download the link file. If you have a video iPod, you COULD view these clips. Simply drag the file into iTunes. Since all these are Quicktime files, the would work as podcasts. Here is the Directory's URL:
http://www.pathometrix.com/Movies/
If you would like to see each chart separately, here are the links:
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE1.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE2.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE3.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE4.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE5.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE6.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE7.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE8.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE9.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE10.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE11.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE12.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE13.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE14.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE15.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE16.png
http://homepage.mac.com/paperprofit1/.Pictures/MFE/MFE17.png
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1 Comments:
At 9:07 PM, Bryan said...
This may be a little out of context, but I thought I should re-post some comments I just made to an archived blog:
At 5:38 PM, Bryan said...
I have Advanced GET, although I don't really use it. I don't see a need for e-signal data since you can get all the EOD data for free from finance sites like finance.yahoo.com. If you don't want to write a script to mine yahoo for data, there is a windows program called MLDownloader (do a web search for it) that will download stock lists and stock prices and save them in ASCII format which Advanced GET can use. You can have it update the data at the end of each day, just like you have to do with Advanced GET anyways.
At 6:18 PM, Bryan said...
I am an Elliot Wave beginner, but I see the potential. I've read the first couple chapters (so far) of Prechter and Frost's book, "Elliot Wave Principle," and I noticed how the authors back in 1978 illustrated the information with real market data they found by obvious countless hours poring over charts. They make a lot of qualititative assessments on the likelihood of outcomes given a particular chart pattern. Here's a sample quote I picked randomly: "In the stock market, when a triangle occurs in the fourth wave position, wave five is sometimes swift and travels approximately the distance of the widest part of the triangle."
These types of comments, from the perspective of today's incredible computing power, are just screaming for a comprehensive cataloging of historical markets to determine probabilities of such events. I think the developers of Advanced GET did some of this, however the culmination of their results is only realized in the AGET and other software, which a lot of people on this thread appear to agree is of limited value.
OTOH, the ongoing work done by Elliotician is a much better example of the power of this approach. It appears that they are being very comprehensive about it, and the results really show in their software's predictive ability.
Bryan, please give us the URL for the MLDowloader.
Elliottician.com's software "Refined Elliott wave trader" has a truckload of statistical evaluation and comparison with a huge amount of statistical patterns from many markets around the world. Their conclusion: you can match any pattern at any time frame with a variety of historical patterns stored in computers. The RET is able to MATCH them and give YOU a breakdown the various patterns that have a rating of coincidence that is high.
Contrary to Advanced Get, which only gives you ONE fitting pattern and "changes its mind" in unpredictable ways, RET gives you options to choose from, and you select the one that better matches your understanding of the Elliott waves and other independent analyses on the stock in question. For example, the MFE trade was selected based on a fundamental change in the expectations for the company, and a spike in volume that usually accompanies the begining of the impulse wave III.
ML Downloader;
http://www.trading-tools.com/mld.htm
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