What am I talking about in my forecasts?

All my forecasts start with ” Elliott shows that market…”.

Who is this Elliott and why is he talking? In fact this is just my shorthand of saying that these are the results from the program I use for forecasting. I use Elliott Wave International program called Refined Elliott Trader (RET).  The program uses Elliott Wave method of pattern recognition and forecasting of financial markets. RET is a highly complex software package based on sophisticated pattern recognition and probability algorithms. This program is currently available only for professionals.

I have used RET since 2003. I have forecasted stocks and commodity futures. I find futures forecasting more meaningful as I am dealing only with handful of different commodities, rather than hundreds of stocks. The forecasts that I am providing here, free of charge, are predicting market movement for next weeks to months. For my own trading I also use much shorter term forecasting from days to even hours. The beauty of Elliott Wave method is that the same patterns work in large scale and small. Next week I will share little more about the method behind the RET program I use.

For more info on the RET program click here.