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Submitted by: Sylvain Vervoort

In my opinion, one of the only tools that can give you an idea as to which direction the stock price will move next is Elliott wave analysis. With short, medium, and long-term Elliott wave trend analysis, you can have a pretty good indication if price has a better chance of going up or going down in these different time periods. As an added bonus, an Elliott wave can give you some price targets too. I think that your Elliott wave count does not have to be perfect. Most probably you will have to review counts regularly. What is important, though, is that price makes a move in the expected up or down direction.

During an illness in the mid-1930s, Ralph Nelson Elliott discovered the correlation between human emotion and trend patterns contained within price charts. Elliott discovered different patterns that repeated themselves in form but not necessarily in size or length of time; these patterns could always be subdivided into smaller waves within the framework of certain rules. He called this phenomenon the wave principle.

There are two basic waves in the Elliott wave theory: a five-wave impulse pattern in the direction of the main trend and a three-wave correction pattern against the main trend. In a later stage, Elliott used Fibonacci numbers together with the waves to predict price targets. A trend signals the main direction in which prices are moving; corrections move either against the main trend or sideways. In Elliott wave terminology, these are called impulse waves and correction waves. The correction wave consists of three waves: A, B, and C.

Impulse waves are identified by numbers; correction waves are identified by letters. Impulse waves 1, 3, and 5 move in the direction of the trend and therefore, consist of another impulse wave of a lower degree. Impulse waves 2 and 4 move against the trend and are as such correction waves of a lower degree.

We know already that the up trending or down trending correction wave has three waves. Waves A and C point in the direction of the correction trend; wave B is moving against this direction. Waves A and C in a correction wave moving in the direction of the correction trend are therefore impulse waves, consisting of five waves. Note that waves 2 and 4 in an impulse wave are also correction waves.

Another possible correction pattern is a triangle correction. A triangle correction consists of five correction waves. IMPORTANT! A triangle correction is always part of an ABC correction wave.

Any impulse wave can be interpreted as a correction wave, but it is, of course, wrong to do this because the Elliot wave count will be completely wrong. Respecting all the rules is therefore utmost important.

An impulse wave and a correction wave together make a cycle. An example indication could be:

The biggest wave:[1] to [2] consist of 1 + 1 = 2 waves

The biggest subdivision: (1) to (C) consist of 5 + 3 = 8 waves

The next subdivision:1 to capital C consist of 21 + 13 = 34 waves

The following subdivision:Roman I to small c consist of 89 + 55 = 144 waves

This subdivision is not limited.

A typical up impulse wave [1] to [5], with an extension of a lower degree wave (1) to (5) in wave [3] can have for example another extension of a lower degree with waves 1 to 5. From the start of the main impulse wave [3] up, you could look for a long trade and stay in the trade based on the Elliott wave count until wave [5] is confirmed above the wave [3]. Nice profits can be obtained thanks to the fact that you stay in the trade based on the Elliott wave count.

With a top [5] confirmed, which is actually a new longer term wave 1 of a higher degree, you are expecting a correction wave 2 for this longer term up move. Most probably an ideal moment to start a short position while expecting a medium term ABC zigzag correction. This correction wave can also be a double zigzag correction with waves WXY, with lower degree ABC waves in the W and Y waves.

This is the end of my introduction to Elliott waves. Next article we will look at the basic impulse wave’s rules and price targets.

About the Author: Want to learn everything about technical analysis? You can find free articles at my website:

stocata.org/

. Sylvain Vervoort is a trader and the author of a new book Capturing Profit with Technical Analysis and a regular contributor to Stocks & Commodities magazine.

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byAlma Abell

When was the last time that you had your boiler inspected or serviced? If you cannot easily answer that question, you need to contact a technician right away. The last thing you want to happen is to have your boiler break down on a cold and blustery winter’s day.

Regardless of how it is used for hot water, for forced air heating, or as a radiant heat source, a boiler is an essential part of a home’s overall functionality. Therefore, if a boiler malfunctions, it can lead to a notable disruption in your daily routine. For example, one boiler repair in Port Jefferson, NY that is frequently made concerns a lack of hot water.

Do You Need a New Thermostat?

If your water is running but it is cold, you usually have a problem with the boiler. In most instances, the issue involves the thermostat. If the thermostat does not signal the boiler that the water temperature is cooler, the boiler simply will not heat the water. Therefore, this type of boiler repair generally involves switching out the control switch or the thermostat.

Kettling

If you happen to hear a whistling noise, such as the sound heard when a kettle boils, you are experiencing what is known as kettling. Kettling occurs when hard water deposits accumulate. You either need to have the boiler flushed or install a water softener to reduce the occurrences.

Have You Had Your Circulator Pump Checked?

Another common boiler repair involves the circulator pump. If the pump breaks, it will either need to be fixed or replaced. The pump is designed to circulate hot water from the tank to various points in the home.Schedule and Evaluation

Companies such as Consolidated Fuel are well acquainted with boiler work. Boiler services include boiler cleaning and maintenance, replacements, emergency services, and new installations. Again, if you have not had your boiler inspected in a while, now is the time to make a call and schedule an evaluation.

By Tom Dawson

Debt consolidation is quite often frowned upon by those who have never been in the situation to need one. However the fact remains that taking advantage of one when your finances are too much to handle can offer a great deal of relief both financially and also psychologically. The financial impact is obvious but unless you have been in a fix with your finances you will not be aware of the stress and worry that it can cause.

A debt consolidation loan is a larger loan that is taken out to repay all other outstanding loans and credit cards that you may have in place, usually at a lower rate and also spread over a longer repayment period. Because of this acquiring a debt consolidation loan can significantly reduce your monthly outgoings.

Taking advantage of this kind of loan can also help you to maintain a healthy credit record, so long as you make sure that you keep up with the repayments. Whereas not consolidating your debts and failing to meet your repayments on time will have a serious impact on your credit record, and can prevent you from taking out any loans or finance in the future.

Probably the biggest benefit of consolidation is the psychological benefit. Imagine how you would feel if every month you were scraping around for the cash to pay all your debts, with too little money to even eat properly. For anybody that finds themselves in this situation the relief that is felt on successful consolidation of their debts can be massive, and quite often feel like a huge weight has been lifted off them.

It is worth noting that anybody consolidating their debts should make sure that they destroy any credit cards that have just been repaid. Not doing so can result in a repeat of the issues that they were experiencing prior to consolidating their debts. It is however best to keep the accounts open as this will also help maintain a healthy credit record. This is the case because when assessing your credit score quite a large portion of it is made up of the difference between what you have been approved for and how much you have actually borrowed. The larger the gap the higher your credit score.

Anybody who owns their own home is more likely to be able to arrange a loan at a lower rate by taking out a secured loan i.e. a loan that requires your home being used as collateral. Because of the security offered the lenders are not only more likely to lend in the first place but they are also more likely to offer a more competitive rate. Obviously the lower the interest rate the cheaper your repayments will be, and therefore the more money that you will save each month in the process.

In summary.

If you are finding it hard to keep up with all your monthly commitments, and feel the pressure that can bring. You would be well advised to consider consolidating your debt.

About the Author: Tom Dawson is is a UK finance expert who has helped thousands of people arrange

debt consolidation loans

or in fact arrange

loans

of all kinds. visit his site today.

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