I am looking to contact someone that is using the Elliott Wave Concept
to trade stocks.  I am looking for someone that has used Elliott wave
anylizer or a similar software package.  I have these questions:

1.# In the real world how well does The Elliot Wave Concept work?
2.# Do you have any experiance with the E W Anylizer Software package?
 If so what you are feelings about the package.
3.# What kind of returns over what time frames can I expect if I am
very active in trading and following my results.

Please ask questions if you have any.

Robert Prechter made lots of money in the 1980s.  But the Elliott Wave
was generally discredited from 1993-2000.  Be careful !

You might want to contact somebody at Global Market Research.

http://www.globalmarketresearch.com

They use Elliot Wave, as mentioned here:

http://www.globalmarketresearch.com/html/principles.html

It's complete rubbish!

The only things that are successful in Stock Market trading are (a)
Insider Trading and (b) Luck.

Taking all 3 comments into consideration:

1. RE: Robert Prechter made lots of money in the 1980s.  But the
Elliott Wave
was generally discredited from 1993-2000.  Be careful ! 

Response: I have heard that there were some issues that discredited
the Elliott Wave Principal.  From what I read about the people that
make the Elliott Wave Anaylizer, They have used the origonal
principals as well as new formuals that they have added into there
software.  I dont know if this really makes any sense or if they are
just making up there own formuala to attempt to anaylize stocks and
the stock market.  Any Thoughts?

2. RE: You might want to contact somebody at Global Market Research. 
 
http://www.globalmarketresearch.com 
 
They use Elliot Wave, as mentioned here: 
 
http://www.globalmarketresearch.com/html/principles.html 
 

Response: I will drop these folks a e-mail, I did find the following
on there site:
The analysis is technical in nature and is based on a mix of three
disciplines: point and line charting, momentum analysis, and the basic
principles of Elliott Wave Theory.

So it sounds like at least someone is working with the ellit wave
theory today.

3: RE: It's complete rubbish! 
 
The only things that are successful in Stock Market trading are (a)
Insider Trading and (b) Luck.

Response: Thanks you for the comment, however, I have the feeling,
that like nearly everything in life, you can do it better, faster,
smarter, and make more money or save more money then the next guy if
you have better information.  That is all I am looking for is better
information.  I understand Insider Info is better information, however
that is not the kind of information that I am looking for.

Has anyone used any other principals of technical anaylsis that they
have any information about?

Thank you for the comments thus far and thank you for any additional
comments / anwsers.

Jamie

Yes, Jamie, there is a universe of tools that are available for
selecting stocks. I've been trading since 1986, investing since 1974.
I've a few things that I use and I have a lot of sites/links for you
to read. Sometimes the tools helped, other times, nothing. I still
make mistakes (losses) like everyone else, except I limit my losses.
The most important thing you can do, before selecting a stock, is
research. Knowledge=power. I use charting a lot, along with a 200 day
MA, the EMA, MACD, etc. Sometimes I get it right (ok, "luck"). One
thing, without my computer, and being able to view everything real
time, I'd be in the dark ages. The amount of infomation available on
the net is great, just disregard the message boards. Jamie, you may
want to try a simulated trading program. Here's some links for
education and research.  http://www-qc.nasdaq.com/
http://www.finance.lycos.com/
http://quotes.freerealtime.com/dl/frt/S?&
http://www.investors.com/default.asp
http://www.island.com/bookviewer/javaversion.asp http://www.kitco.com/
http://clearstation.etrade.com/ http://www.siliconinvestor.com/index.
http://www.elliottwave.com/

stockzguy,

Thank you for the info and the Links.

If you dont mind sharing, what type of returns do you end up seeing in
a year? ( i.e. 67% gain on money invested)

Thanks!

Jamie ...

If this (or any other prediction system) really worked for the Stock
Market or for any other forms of Gambling then it would have been
fully tested and would be being used extensively by now.

Forget the myths!

Had anyone ever used this service:

http://www.elliottwave.com/more_info/flash-primestock.htm

"With Prime Stocks !Flash!, you get specific recommendations for
capitalizing on exciting and profitable stock picks, the minute we
make a recommendation. We spell out EXACTLY our reasoning and EXACTLY
what to tell your broker, complete with a protective stop"

Any thoughts on it?

It is not cheap:

"The introductory price of this advanced Elliott wave service is $6999
for an entire year, paid 100% up-front, no refunds. Or, if you want to
pay quarter-by-quarter, you may do so right now for just $2500 per
quarter with an automatically renewing non-refundable credit-card
order, cancelable prior to the onset of any quarter*. Hurry, it may
not stay this inexpensive for long"

Has anyone actually used this service or a service simlar to this one?
 I would like to see what kinds of returns someone actually got using
a service like this one.

Thanks, Jamie

probonopublico-ga ,


So do you feel that the stock market in just gambling?

Is it all luck when some people make a lot of monday in the market?

Thanks for your comments

Jamie

Does anyone have any comments on the professional information services
that are out there that claim to be able to tell you with a good
amount of acuracy when to place the trades based on there expert
advise?

Hi, Jamie

The professionals make money, lots of it, but for the average punter
it's just a gamble.

I know some enthusiastic punters who have lost serious money (over £1m
Sterling in one case which resulted in his suicide) after following
the recommendations of their trusted advisers.

Don't believe any of the mumbo jumbo ... if any of these systems
really worked, you would never get a look in.

Why not read 'The Big Con' by David W Maurer. Originally published in
1940. This will show you how gullible some folk are.

Regards

Bryan

Jamie, as for returns, I am doing anywhere from 12%-27% a year,
average. I had 2 losing years in a row, save for my defensive stocks.
I've had some great winning stocks, as well as dog losers, so it's
been a balance of the two. I will, after a great run-up, take some
money and invest it into quality stocks on a DRiP, such as my FNM. Of
course, the last 2 years have been really bad, and trading is not what
you think it is, in a bear market. There are still opportunities out
there, just need to use a stock screener and find them. You can find
your own personal trading style. You don't need anyone telling you
(for a fee) on what stocks to purchase. There are enough tools
available on the net to screen the entire stock universe, and a
heckuva lot of sites that rate stocks. I've visited and a read a lot
of sites that rate stocks, such as Zacks investment. I still make my
own decisions. The IBD rating system is probably one of the best
around. Read Bill O'neils book, btw. So there you have it, even though
you can have a site rate a stock, it's still your choice as to what
you are going to invest in. No one ever said that this was going to be
easy.