Elliott Wave Analysis of Emerging Markets – All Star Charts

Elliot wave is a technical analysis tool that doesn’t get much airtime, probably because it’s one of the least understood tools out there. One of the biggest users of elliott wave that I can think of is Paul Tudor Jones, the founder of Tudor Investment Corporation who has a net worth of over $3 billion and is considered by many to be one of the best traders out there.

J.C. Parets over at one of my favorite blogs, All Star Charts, put up a great post today looking at the relationship between emerging markets (EEM) and the S&P 500 (SPY) while incorporating Elliot wave analysis.

A short teaser from J.C.:

I’ve been writing allstarcharts.com for a few years now and I’ve mentioned elliott waves maybe two or three times. It’s rare that we discuss it, because it’s rare to see a pattern that I like enough to bring up. But today I’m looking at a sweet setup in Emerging Markets Stocks relative to US Equities that I can’t possibly keep to myself.

Elliott wave isn’t something I use very often but it’s nonetheless something we should not ignore. J.C. does some great work with intermarket relationships and technical analysis in general. Well worth the read.

Go read the rest: Interesting Elliott Wave Count Emerging (All Star Charts)

Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+.

About Andrew Thrasher

Andrew Thrasher, CMT is an Investment Analyst for an asset management firm in Central Indiana. He specializes and writes about technical analysis as well as macro economic developments.
  • http://www.allstarcharts.com JC Parets

    Thanks for the shout out Andrew

  • http://www.brickbybrickinvesting.com Brick By Brick Investing | Marvin

    I’ve been following J.C.’s blog for a while now as well. One day I hope to get to that level of technical analysis. I use to use elliot waves when I traded FOREX daily but haven’t used it in equities yet. Keep up the good work guys!

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