Big Picture
According to Allan
As is obvious by now, I use my Trend Models to determine dominant trends and align my trading accordingly. I also utilize Elliott Wave as a secondary perspective. Both tools are prominently displayed in the following big picture SPX chart [click on chart to enlarge]:
When it comes to Elliott, I use three sources for my analysis:
(1) Robert Prechter (and to some extent, his staff of analysts), author of the bible of Elliott Wave analysis and probably the world’s preeminent EW authority;
(2) Advanced GET software which applies a mechanical, rule-based approach to wave analysis with the goal of identifying specific trade set-ups;
(3) Allan P. Harris, your author, advocate of common sense and simplicity, bon vivant, and hopeless romantic who falls in and out of love like water swirling around a bath tub drain.
This weekend I will be sending out my big picture analysis in my Weekend Update to subscribers of my Trend Following Trading Models. All of the above described sources will be utilized for what is sizing up as a compelling juncture of trends and waves.
Consider the above chart a head start on my analysis. It’s not brain surgery.
Well, maybe it is.
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Allan’s “Trend Following Trading Model” is based on his trend-following trading system for buying and selling stocks and ETFs. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here. For a more detailed introduction, read this introductory article.
For trading resources from Robert Prechter/Elliott Wave International, check out these free downloads:
