FTSE 100 & Dow Jones Elliott Wave Review (26/02/2010)

This is my interpretation using Technical Analysis and Elliott Wave Theory to look at the FTSE 100. Elliott wave is my preferred tool when looking at the stock market, I believe that it can work to reflect the “psychology” of the market quite accurately.

I am NOT a very experienced trader or technical analyst, but I am very interest in developing my skills and welcome you to share your experienced and advice so that we may both learn from it. Nothing in this video should be taken as investment or trading advice.

Last video:
http://www.youtube.com/watch?v=rdq0fkiXBxc

Joes Youtube video (Please watch and subscribe):
http://www.youtube.com/user/ElliottTrader

John Pipers Website (Recommended Subscription Service):
http://johnpiperstrading.com/

Please let me know what you think and feel free to leave questions or general comments.

Duration : 0:16:15


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Published on 26 Feb 2010 in learn the dow jones, by admin

8 Comments >>

This entry was posted on Friday, February 26th, 2010 at 6:46 am and is filed under learn the dow jones. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.

Comments:

  1. DebtJunkie Said:

    Good stuff Andro.
    …
    Good stuff Andro.

    I’m trader from Macro news and the signals in the news points that we are gearing up for the Crash of 2010.

    Thanks for the TA, gives me another dimension.


    February 26th, 2010 at 6:46 am
  2. koolio2020 Said:

    Got it,no sweat!
    Got it,no sweat!


    February 26th, 2010 at 6:46 am
  3. koolio2020 Said:

    Hi Max,

    I was …
    Hi Max,

    I was talking about the move you made at 08:37,Is that the same one you replied to me about.

    God bless


    February 26th, 2010 at 6:46 am
  4. Andronichuk Said:

    The reason I do it …
    The reason I do it like that is because my charting package automatically extends fib. projection targets… and these are projected outwards past the 100% level…
    so I always start/place the 100% in line with the direction I expect to see the market take.

    Hope that helps


    February 26th, 2010 at 6:46 am
  5. Andronichuk Said:

    Thanks for the …
    Thanks for the question.

    To be honest it won’t make too much difference…
    The fib levels are pretty much mirror reflections of each other around the 50% fib level…
    EG: 61.8 and 38.2 are equal distances from 50%… likewise with the other fib levels… so either way you do it, it wont make any difference really…


    February 26th, 2010 at 6:46 am
  6. koolio2020 Said:

    Hi Andro,
    I was …
    Hi Andro,
    I was just wondering why you drew your retracement levels from the bottom starting with 100% and dragging it to the top of 5370 leaving it there at 0%,Is that the way it’s done.
    Many thanks.


    February 26th, 2010 at 6:46 am
  7. koolio2020 Said:

    Sorry! It’s working …
    Sorry! It’s working,take it back.
    I thought I was the only squirral chasing a nut at this time in the morning.
    It’s really great work,keep it up,a loyal follower here.


    February 26th, 2010 at 6:46 am
  8. koolio2020 Said:

    I’m clicking on it, …
    I’m clicking on it,but it’s not working.

    Oh,by the way,great job!


    February 26th, 2010 at 6:46 am

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