In another forum that I particiapte in, questions regarding the Elliot Wave Theory arose, so I shared with them an introduction to this particular indicator. I'd like to share it with you as well. It's an AVI file that can be accessed by the link below.

It has been my experience that the trend is your friend, until of course it changes, and so technical indicators can be useful in helping us to understand momentum/trends, and potential trend changes. The Elliot Wave Theory is one of many tools to use. With the current failures in the US Financial industry the markets continue to fall, so the question many are asking is "where is the bottom" or "do we have a ways to go?"

I believe that current political figures have done nothing to help the current market conditions, but I do believe that once the downside is over the recovery will be welcomed with a vengence.

http://www.screencast.com/t/EkhxcFcm

Fasi