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This is by far the most useful method of analysis I have come by in my 3 years of studying technical analysis. Few people know about Elliott Wave analysis, even fewer know how to implement it, and even fewer know how to profit off of it. Using this analysis, I pinpointed sell signals in March 2011, May 2011, and on May 2, 2012 near key market turning points. The following link goes to the site of the man who made Elliott Wave public. I highly recommend taking some time to at least learn the basics through this link.
When I conduct any type of analysis, I use several different styles to see if they come to the same conclusion. This is what I call the “weight of evidence” approach. Many of the forms of analysis I learned were from the books I had to read for the CMT program. I listed the books below that I found most useful in my trading.
Technical Analysis of Stock Trends
Technical Analysis: The Complete Resource for Financial Market Technicians
Elliott Wave Principle: Key to Market Behavior
Technical Analysis Explained
Investment Psychology Explained
Technical Analysis for the Trading Professional (This one is very difficult, but excellent for exact price projections)
If you would like to buy any of these books, and help TradersBase to continue to be a free service for the public, please use the Amazon search box on the right side of the page and we will earn a small referral bonus. The price will be the same as if you ordered it from Amazon directly.
Thank you! Trade with us, trade with success!