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ACHIEVE AC HIEVE DEFINITIVE DE FINITIVE WAVE COUNTS © 2009 T.S. Hennessy All rights reserved worldwide. YOU HAVE THE RIGHT TO DISTRIBUTE THIS EBOOK REE!Y BUT "OT TO SE!! IT OR #ODIY IT. IT. $le%se See Rights se&tion ne't (%ge. Addition%l Addition%l )o(ies *%y +e o+t%ined o+t%ined dire&tly dire&tly ,ro*,ro*-
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ACHIEVE AC HIEVE DEFINITIVE DE FINITIVE WAVE COUNTS © 2009 T.S. Hennessy All rights reserved worldwide. YOU HAVE THE RIGHT TO DISTRIBUTE THIS EBOOK REE!Y BUT "OT TO SE!! IT OR #ODIY IT. IT. $le%se See Rights se&tion ne't (%ge. Addition%l Addition%l )o(ies *%y +e o+t%ined o+t%ined dire&tly dire&tly ,ro*,ro*-
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!EGA! STATE#E"TS Gener%l Ter*s Ter*s o, Use THE I"OR#ATIO" $ROVIDED I" THIS DO)U#E"T IS OR EDU)ATIO"A! $UR$OSES O"!Y. IT IS $ROVIDED AS GE"ERA! #ARKET )O##E"T )O## E"TARY ARY11 A"D DOES "OT )O"STITUTE I"VEST#E"T ADVI)E. "EITHER THE AUTHOR "OR ASSO)IATES1 ASSO)IATES1 DISTRIBUTORS1 HEIRS OR ASSIG"S ASSIG"S SHA!! A))E$T !IABI!ITY OR A"Y !OSS !OSS OR DA#AGE1 I")!UDI"G I")!UDI"G 7ITHOUT 7ITHOUT !I#ITATIO"1 A"Y !OSS O $ROIT1 7HI)H #AY ARISE DIRE)T!Y OR I"DIRE)T!Y RO# USE O OR RE!IA")E O" SU)H I"OR#ATIO". THERE IS "O 7ARRA"TY O A"Y KI"D. Re=/ired Ris0 Dis&los/re > The Ter* ?Se&/rities@ Sh%ll %((ly to A!! in%n&i%l Instr/*ents. SE)URITIES TRADI"G OR I"VESTI"G )ARRIES SIG"II)A"T RISK A"D #AY "OT BE SUITAB!E SUITAB!E OR EVERYO"E. THE $OSSIBI!ITY $OSSIBI!I TY EISTS THAT YOU )OU!D SUSTAI" A !OSS O SO#E OR A!! O YOUR I"ITIA! I"VEST#E"T THEREORE YOU SHOU!D "OT I"VEST #O"EY THAT YOU )A""OT AORD TO !OSE. THE TRADI"G STRATEGIES STRATEGIES DIS)USSED #AY "OT BE SUITAB!E OR A!! I"VESTORS DE$E"DI"G U$O" THEIR S$E)II) I"VEST#E"T OBCE)TIVES A"D I"A")IA! $OSITIO". I"VESTORS #UST #AKE THEIR O7" I"VEST#E"T DE)ISIO"S I" !IGHT O THEIR O7" I"VEST#E"T OBCE)TIVES1 RISK $ROI!E1 A"D )IR)U#STA")ES )IR)U#STA")ES A"D USI"G SU)H I"DE$E"DE"T ADVISORS AS THEY BE!IEVE "E)ESSARY. "E)ESSARY. THEREORE1 THE I"OR#ATIO" I"OR#ATIO" $ROVIDED HEREI" IS "OT I"TE"DED TO GIVE I"VESTORS S$E)II) ADVI)E AS TO 7HETHER THEY SHOU!D E"GAGE I" A $ARTI)U!AR TRADI"G STRATEGY STRATEGY.. I" ADDITIO"1 THE I"OR#ATIO" I"OR#ATIO" $ROVIDED HEREI" HAS BEE" $RE$ARED OR I"OR#ATIO" $UR$OSES O"!Y A"D IS "OT A" OER TO BUY OR SE!!1 OR A SO!I)ITA SO!I)ITATIO" O A" OER TO BUY OR SE!! THE SE)URITIES #E"TIO"ED OR $ARTI)I$ATE I" A"Y $ARTI)U!AR TRADI"G STRATEGY. #ARGI" REUIRE#E"TS1 TA )O"SIDERATIO"S1 )O"SIDERATIO"S1 )O##ISSIO"S1 )O##ISSI O"S1 A"D OTHER TRA"SA)TIO" )OSTS #AY SIG"II)A"T!Y AE)T THE E)O"O#I) E)O"O#I) )O"SEUE")E )O"SEUE")ES S O THE THE TRADI"G TRADI"G STRATEGIES STRATEGIES DIS)USSED DIS)USSED A"D I"VESTORS SHOU!D REVIE7 SU)H REUIRE#E"TS 7ITH THEIR !EGA!1 TA A"D I"A")IA! ADVISORS. URTHER#ORE1 SE)URITIES TRADI"G E"TAI!S A "U#BER "U#BER O I"HERE"T RISKS BEORE E"GAGI"G I" SU)H TRADI"G A)TIVITIES1 I"VESTORS SHOU!D U"DERSTA"D U"DERSTA"D THE "ATURE "ATURE A"D ETE"T O THEIR RIGHTS A"D OB!IGATIO"S A"D BE A7ARE A7ARE O THE RISKS RISKS I"VO! I"VO!VED. VED. THE THE I"OR#A I"OR#ATIO" TIO" OR OR DAT DATA $ROVIDED $ROVIDED HEREI" HEREI" IS BASED O" I"OR#ATIO" GE"ERA!!Y AVAI!AB!E TO THE $UB!I) RO# SOUR)ES BE!IEVED TO BE RE!IAB!E. "O RE$RESE"TA RE$RESE"TATIO" IS #ADE THAT IT IS A))URATE1 A))URATE1 )O#$!ETE OR )URRE"T OR THAT A"Y RETUR"S I"DI)ATED I"DI)ATED 7I!! 7 I!! BE A)HIEVED. )ERTAI" )ERTAI" ASSU#$TIO"S HAVE BEE" #ADE I" THIS A"A!YSIS1 A"A!YSIS1 7HI)H #AY I#$!Y I#$!Y $ROCE)TED RETUR"S 7OU!D BE A)HIEVED. )HA"GES TO THE ASSU#$TIO"S #AY HAVE A $ARTI)U!AR I#$A)T O" A"Y RETUR"S. Re=/ired Dis&l%i*er )T) R/le .F HY$OTHETI)A! OR SI#U!ATED $EROR#A")E RESU!TS HAVE )ERTAI" I"HERE"T !I#ITATIO"S. !I#ITATIO"S. U"!IKE A" A)TUA! $EROR#A")E RE)ORD1 SI#U!ATED RESU! RESU!TS TS DO "OT RE$RESE"T A)TUA! TRADI"G. A!SO1 SI")E THE TRADES HAVE HAVE "OT BEE" A)TUA!!Y A)TUA!!Y EE)UTED1 THE RESU!TS #AY HAVE U"DER2 OR OVER)O#$E"SATED OR THE I#$A)T1 I A"Y1 A"Y1 O )ERT )ERTAI" AI" #ARKET #ARKET A)TOR A)TORS1 S1 SU)H SU)H AS !A)K O !IUIDITY !IUIDITY.. SI#U!ATED SI#U!ATED TRADI"G TRADI"G $ROGRA#S I" I " GE"ERA! ARE A!SO SUBCE)T TO THE A)T THAT THAT THEY ARE DESIG"ED 7ITH THE BE"EIT O HI"DSIGHT. "O RE$RESE"TATIO" IS BEI"G #ADE THAT A"Y A))OU"T A))OU"T 7I!! OR IS !IKE! !IKE!Y Y TO TO A)HIEVE A)HIEVE $ROITS $ROITS OR !OSSES SI#I!AR TO THOSE THOSE SHO7". SHO7".
DEDI)ATIO" irst I wo/ld li0e to dedi&%te this +oo0 to *y wi,e S%ndy1 who is % never2ending ins(ir%tion to *e. "e't it is i*(ort%nt to re&ognie the i**ense v%l/e in the origin%l wor0 o, R.". Elliott1 %s well %s the dedi&%ted %nd (roli,i& Ro+ert $re&hter1 Cr.1 %nd others who h%ve wor0ed diligently to (ro*ote Elliotts 7%ve $rin&i(le. in%lly it see*s %((ro(ri%te to give % little *ore re&ognition to th%t &ohesive ,or* whi&h is %t wor0 in *%r0ets. 7e %re &onst%ntly o+serving it1 whether we %re %w%re or not. Th%t is the ,o/nd%tion on whi&h %ll this rests... $hi > the Golden R%tio > F.FJ : F : .FJ > i+on%&&i series n/*+ers > the intern%l n/*eri&%l rel%tionshi(s th%t r/n +ene%th the s/r,%&e o, the 7%ves. This +oo0 will +e % (r%&ti&%l loo0 %t w%ve str/&t/re. 7e wont +e going into these n/*eri&%l rel%tionshi(s %t %ll here. However1 this +oo0 wo/ld not +e here i, we were not o+serving the res/lts o, these ,%&tors.
7ell1 o01 /st this one. The &olored line seg*ents in this L (oint St%r %re e%&h de(i&ting the rel%tionshi( o, the Golden R%tio %s yo/ *ove ,ro* one length to the ne't &losest length.
L
Table of Contents Introd/&tion....................................................................................................................J 7h%t Is In This Boo0.........................................................................................J 7h%t Is "ot In This Boo0..................................................................................J )h%(ter One..................................................................................................................6 A&hieve De,initive 7%ve )o/nts.............................................................................6 The End G%*e.................................................................................................6 R.". Elliotts Unsolved #ystery........................................................................6 The ly In The Oint*ent.................................................................................F5 )on,/sion or Inter(ret%tionM > Res/lts Are The S%*e...................................FF Altern%te )o/nts %nd Blown )%lls %nd )r%y 7%ves...................................F3 Are 7e There YetM.........................................................................................F< )h%(ter Two................................................................................................................FL )l/es to Good "ews.............................................................................................FL In,or*%tion Age...............................................................................................FL $sy&hology And The $sy&hologist..................................................................F )h%(ter Three..............................................................................................................FJ The Devil In The Det%ils........................................................................................FJ )%s/%l O+serv%tion Or A&t/%l )o/nt.............................................................FJ )h%(ter o/r...............................................................................................................3F The "ew Elliott 7%ve R/le...................................................................................3F !etting The 7%ves Tell Their Own Story........................................................3F S%ltw%ter Does "ot B/rn................................................................................3F A R/le is Only A R/le I, Its A R/le..................................................................33 R/le St%te*ent...............................................................................................3< Give #e #ore Det%il $le%se...........................................................................3L Roo* To Grow................................................................................................3L "ew Degrees O, S&%le...................................................................................3 Degrees T%+le.................................................................................................3N "ow 7e )%n Get The /ll View(oint.............................................................3J Better 7%ve Identi,i&%tion...............................................................................36 I, Yo/ )%n ?See@ It1 Its % ?)@ .......................................................................... on to the (ivot1 lo%ded we%(on in h%nd. 7e A!! do this. So did #r. Elliott. The worse (%rt is there %re (lenty o, sit/%tions where it is needed. Using histori&%l d%t% ,or whi&h no *ore det%il is %v%il%+le th%n on the degree whi&h yo/ %re /sing to %n%lye the &o/nts is one s/&h sit/%tion. Re*e*+er th%t to h%ndle &/rrent degree &o/nts the rel%tionshi( to the ne't higher degree */st +e &o/nted &orre&tly. This will ,re=/ently &%ll ,or less det%iled d%t%. It so*eti*es &%nnot +e hel(ed. There %re %lso &ert%in ti*e %nd e,,ort %nd *otiv%tion ,%&tors. In %ny &%se this /*(ing to &on&l/sions is % re%lity ,or %t le%st (%rt o, so*e o, the %n%lysis sit/%tions whi&h will +e en&o/ntered. There is &ert%inly no =/estion th%t #r. Elliott w%s *otiv%ted to e'(end wh%tever e,,ort th%t it wo/ld t%0e to &o*e to the right &on&l/sions. As (revio/sly st%ted his wor0 (rod/&ed re*%r0%+le res/lts. This e,,ort %nd drive in&l/ded so*e %*%ing g/idelines th%t %*o/nt to wor0%ro/nds ,or the l%&0 o, % sol/tion to the e'tensions w%rning. They in&l/ded e'tr%neo/s det%il to the w%ve (rints the*selves s/&h %s w%ve &h%r%&teristi&s li0e vol/*e. Also relied /(on w%s ,/t/re w%ve develo(*ent re%d +%&0 to v%lid%te the &o/nts %lre%dy &on&l/ded. The ,%&t th%t the *%r0et is % sel,2si*il%r design %t %ll degrees or1 % ,r%&t%l1 *%0es it %n e'tre*ely &o*(le' str/&t/re. Elliott w%ve is % re*%r0%+ly si*(le te&hni=/e ,or its %n%lysis. 7hile #r. Elliott w%s develo(ing this syste* he ,o/nd %nswers whi&h event/%lly led hi* to sol/tions to (ro+le*s. He w%s1 however1 still in develo(*ent *ode /nder less th%n ide%l &ir&/*st%n&es. He h%d wh%t %*o/nted to % h/ge de,i&it in %v%il%+le det%il. The only dire&tion he &o/ld go to ,ind %nswers1 dee(er down into det%il1 w%s not even %v%il%+le to hi*. I, dee(er %n%lysis wo/ld reve%l th%t % THREE w%s not in ,%&t wh%t it %((e%red then this ,%&t/%l in,or*%tion w%s lost. It w%s /nder these &onditions th%t r/les %nd *ethods were engr%ved in stone. "ow we /st do wh%t we were told to do +y the )hie, $sy&hologist :%nd we t%0e short&/ts %nd see wh%t we w%nt to see;.
35
Cha#ter Four
The New Elliott Wave Rule
3etting The !aves Tell Their $wn tory
I, the 7%ves do not *%0e errors then let /s listen to the*. It see*s th%t this wo/ld +e getting &loser to the (ri*%ry l%w1 wh%t #r. Elliott w%nted to do %nd o, &o/rse %ll (r%&titioners ho(e to do. The (revio/s &h%(ters h%ve +een (/t ,orth in % w%y th%t wo/ld let /s re*e*+er the e'tre*e v%l/e o, Elliott 7%ve %nd its origin%l go%l. They h%ve shown th%t we *%y &ontin/e to reg%rd this s&ien&e very highly %nd yet /nderst%nd th%t there were o+st%&les %t the ti*e o, develo(*ent %nd &ontin/ing still. The s&ienti,i& o+st%&les o, li*it%tions on %v%il%+le det%il h%ve +een re*oved %nd %re no longer holding /s +%&0. This w%s %n i*(ort%nt (%rt in %llowing the w%ves to tell their own story &o*(letely +/t not *ore i*(ort%nt th%n the (sy&hologi&%l %s(e&t. This */st &ert%inly +e tr/e i, %nything in the w%y o, % "ew R/le &%n &o*e to Elliott 7%ve %,ter over N5 ye%rs. So the rest o, the story will &o*e %s % &h%nge in view(oint whi&h is wh%t (sy&hology ent%ils. 7e h/*%ns h%ve % *%rvelo/s %+ility > we &%n e%&h view the s%*e thing di,,erently. This is %n e'&iting (%rt ,or *e %nd I will &o*e +%&0 to how it &%*e %+o/t th%t the view(oint &h%nged %nd the w%ves were %llowed to s(e%0 ,or the*selves. Be,ore I do th%t however1 it is ne&ess%ry to +re%0 the old view(oint. So here goes.
altwater 1oes Not "urn
7ell %&t/%lly it does +/rn. It w%s re&ently de*onstr%ted th%t yo/ &%n ignite s%ltw%ter whi&h is inside % r%diow%ve ,ield. Th%t is not t%l0ing %+o/t ev%(or%tion1 +/t %n %&t/%l +/rning ,l%*e %s % ,/el +/rner (rod/&es. And yet %nother ?%&t@ goes down in ,l%*es. The ,%&t th%t we will ,irst de%l with in o/r new view is th%t one whi&h we h%ve dis&/ssed %lre%dy. The (ro+le* with /n(redi&t%+le o&&/rren&e o, e'tensions is %+o/t to dis%((e%r.
3F
The re%son th%t these will no longer e'ist is th%t they never e'isted in the ,irst (l%&e. There is no s/&h thing in Elliott 7%ve %s %n E'tension 7ell th%t w%s e%sy now w%snt itM Yo/ will never %g%in +e wondering i, %n e'tension will show /( %nd r/in yo/r e'(e&t%tion o, the %rriv%l o, the ne't w%ve. It will not ever show /( +e&%/se it never did. Yes I %* re(e%ting *ysel,. Th%t is /st % little rein,or&e*ent (sy&hology E'tensions were o+served %s so*ething ?E'tr%@ %nd given % n%*e. They did not ,it into the &%stings o, reg/l%r w%ve str/&t/res so they h%d to +e e'%*ined %nd identi,ied %nd &l%ssi,ied. This w%s done within the ,r%*ewor0 o, the +%si& l%yo/t o, the w%ves %s they ,or* in the l%+or%tory. In other words1 the e'tension did not ,it % theoreti&%l Elliott 7%ve %s #r. Elliott ?tho/ght@ th%t they ?sho/ld@ ,or*. The w%ves %&t/%lly ,or* so*ewh%t di,,erently th%n he tho/ght they do. This o&&/rs in &ert%in w%ves %nd so it w%s not seen %s % r/le +/t *ore o, %n e'&e(tion. He then &l%ssi,ied this e'&e(tion %nd %&&e(ted its irreg/l%rity. One *ore iss/e reg%rding things whi&h were o+served %nd &%t%log/ed sho/ld +e st%ted. #r. Elliott h%s %lre%dy o+served the (heno*enon whi&h will +e&o*e the new r/le ,or /s. He +%si&%lly s(lit it /( %nd &%tegoried it %s se(%r%te things with di,,erent n%*es %nd di,,erent des&ri(tions in di,,erent degrees %nd s%w so*e o, it %s so*ething whi&h did not e'ist %t %ll %s (%rt o, w%ves. However the w%ves h%ve %lw%ys h%d it %nd #r. Elliott h%s seen it.
- Rule is $nly - Rule f t&s - Rule
!et *e +e &le%r th%t when I re,er to % new r/le th%t I %* t%l0ing %+o/t % r/le in every sense o, wh%t th%t *e%ns in Elliott 7%ve. A r/le */st %((ly to every w%ve %nd */st %lw%ys hold tr/e. So when it is s%id th%t &ert%in w%ves develo( di,,erently it *%y still +e % r/le /st %s it is % r/le th%t &orre&tive w%ves %re Threes %nd *otives %re ives. 7hen re,erring to ?Every 7%ve@ %s % re=/ire*ent ,or r/les this sho/ld %&t/%lly +e t%0en %s *e%ning every )y&le. A )y&le in&l/des the set o, L *otives %nd < &orre&tives. There,ore o/r new r/le1 /st %s %ny r/le1 sho/ld +e %((li&%+le to e%&h %nd every &y&le. It IS % r/le in th%t very stri&t %((li&%tion %nd will %lw%ys +e o+served. This %lso *e%ns th%t this is "OT in the &%tegory o, % g/ideline or w%ve &h%r%&teristi&. Its % r/le.
33
Rule tatement
The St%te*ent o, the "ew Elliott 7%ve R/le is %s ,ollowsn Every 6th !ave and in Every C !ave7 the 8 th !ave !33 have a " !ave which will set New Trend 2rice Territory.
Altho/gh this needs no di,,erent l%+eling1 this sho/ld +e given % ter* %nd so I h%ve &%lled it % ?Retrending B@ or *ore si*(ly %n ?RTB@ 7%ve. The r/le there,ore st%tes th%t in those s(e&i,i& w%ves there will A!7AYS +e % th 7%ve with %n RTB. $revio/sly o, &o/rse1 this w%s o+served +y #r. Elliott %s %lre%dy st%ted. However it w%s never seen %s so*ething whi&h %lw%ys o&&/rs +e&%/se o, the invention o, the e'tension whi&h is /st the e,,e&t o, lower degree RTBs in the intern%ls %nd so they were not seen %s s/&h. 7h%t he did %lre%dy d/ly o+serve %nd l%+el %s %n ?Irreg/l%r )orre&tion@ is not in the le%st irreg/l%r in the nor*%l &onnot%tion %nd even in Elliott 7%ve &onnot%tion. ro* his +oo0 in the se&tion on )orre&tions :&orre&tion o, % +/ll *otive is shown;-
)
7h%t he does not show here is the %&t/%l &orre&t de(i&tion where the ) w%ve will %lso h%ve %n RTB th whi&h wo/ld li0ely h%ve &%/sed hi* to dr%w the intern%ls di,,erently h%d he 0nown this %s % r/le :the still lower degrees wo/ld not show on this de(i&tion;.
3<
Th%t (i&t/re is how #r. Elliott viewed so*e &orre&tions. The &o/nt h%s +een &orre&tly *%int%ined in s/&h % w%y th%t it w%s &le%r to hi* the B w%ve sets new (ri&e territory. It is %lso indeed &orre&t th%t this is only %((li&%+le to ?so*e@ &orre&tions. He h%d other ,or*%tions listed %nd di%gr%**ed whi&h %((ly to ?other@ &orre&tions. The %re% o, &on,/sion whi&h wo/ld give rise to the invention o, %n e'tension &o*es where the lower degree intern%ls in the (revio/s w%ve wo/ld h%ve *%ny inst%n&es o, these RTB ths whi&h wo/ld &on,/se the &o/nt %nd loo0 /st li0e %n e'tension +e&%/se th%t is wh%t h%d +een de&ided th%t this e,,e&t w%s. E'%*(les with *ore intern%l det%il ,ollow +/t ,irst % +%si& l%yo/t o, wh%t this loo0s li0e-
See %ll di%gr%*s ,/ll sie here- htt(-newelliottw%ver/le.orgin,oe+oo0di%gr%*s.ht* This is % &le%r w%ve ending > either % L th or ) w%ve. The %re% in the grey elli(se on the (i&t/res inset is wh%t is de(i&ted. The %2+2& o, the th w%ve is highlighted %nd shows where the (ri&e e'&eeds the end o, w%ve < or ?ReTrending in the B o, w%ve @. "ote- A &onvention will +e /sed thro/gho/t to ill/str%te new r/le w%ve &o/nts. The %re% +eing l%+eled h%s %n overview inset. Also only very &le%r ending w%ve %re%s will +e /sed. It is very ,ort/n%te th%t the new r/le tre%t*ent o, w%ve &o/nts o&&/rs only in 7%ves L %nd ). This *%0es the inter(ret%tions &le%r sin&e the ending w%ve ,or*%tion gets *%r0ed o/t +y swing (ivots. The res/lt is % sel,2v%lid%ting s&en%rio whi&h wo/ld not +e the &%se sho/ld we ,irst need to (rove where we were in the &o/nt. These lo&%tions will +e o+vio/s. 3
%ive (e (ore 1etail 2lease
The (r%&ti&%l %((li&%tion o, this new r/le will in&l/de ,ro* to intern%l %nd &/rrent %nd e'tern%l degrees o, s&%le. This is +e&%/se %s % w%ve L ends it will h%ve % th li0e this whi&h will in&l/de % ) li0e this %nd the ) will h%ve % L th with % th li0e this %nd so on. The L th will h%ve % L o, L too. Then it will +r%n&h into % &orre&tion where the ) will h%ve % th li0e this. Underne%th th%t the Lth %nd ) o, e%&h %nd every ,or*%tion will &ont%in this. It is !ESS &o*(le' now +e&%/se there will +e % w%y o, &o/nting th w%ves whi&h is /ni=/e %nd identi,i%+le ,or the w%ves to whi&h it %((lies. This will gre%tly si*(li,y the &o/nting +/t we will &over *ore on th%t l%ter. $erh%(s not %ll degrees will +e needed +/t yo/ will +egin to see how this inter%&tion &o*es into (l%y very =/i&0ly. Even tho/gh yo/ will so*eti*es t%0e the short&/ts :yes yo/ will1 I tho/ght we &overed th%t;1 to thoro/ghly des&ri+e % w%ve yo/ will w%nt %ll the degrees o, s&%le whi&h %re needed.
Room To %row
In the origin%l des&ri(tion o, the ,r%&t%l n%t/re o, 7%ve An%lysis Degrees % s&%le series w%s develo(ed ,ro* the +otto* /(. Th%t +otto* det%il level w%s %((lied to the ho/rly d%t% set. 7e now h%ve need to e'(%nd o/r series. The origin%l set &ont%ined 6 whi&h went /( ,ro* the ho/rly %nd on to &over &ent/ry s&%le %nd %+ove. Glenn "eely1 %n Elliott 7%ve e'(ert1 h%s %dded 3 *ore +elow the origin%l 6 ,or s*%ller degrees o, s&%le giving /s FF. There w%s %lso % devi%tion on the origin%l gr%(hi& sy*+ols whi&h #r. Elliott /sed whi&h +e&%*e (o(/l%ried +/t th%t set does not /se the e'tr% 3 degrees. The &onsens/s in these &%*(s ,or %ssigning % Ti*e S(%n A((li&%tion to (%rti&/l%r degrees see*s to +e to %void /sing one. The *ethods whi&h %re e*(loyed ,or %ssigning ti*e s(%ns ,or %((li&%tion o, % degree v%ry de(ending on where one loo0s. $erh%(s one o, the *ethods ,or %voiding dis%gree*ents wo/ld +e to st%nd%rdie on this with +ro%d r%nges. As *entioned there is % need to e'(%nd the series on&e *ore. There,ore the /ni,ying %((ro%&h */st +e to ,in%lly %do(t one o, the two *ost (o(/l%r styles %nd %dd to it in the *ost &o*(lete ,or*%t yet %nd ho(e th%t we &%n %ll /st get %long. It is not % ne&essity +/t we %lso h%ve *%ny l%ng/%ges in the world %nd th%t &ert%inly 0ee(s things interesting1 doesnt itM 3L
New 1egrees $f cale
It is % di,,i&/lt thing to &hoose +/t there %re % &o/(le re%sons to side with the "eely set %s the %ddition%l degrees %re %dded. 7e &ert%inly do not w%nt % &o*(letely new l%yo/t %s we sho/ld wish to ,/rther this s&ien&e. There */st +e % (oint where di,,eren&es get *elded in %n e,,i&ient w%y i, th%t is to h%((en %ltho/gh %lien%ting so*e is /n%void%+le. The ,irst re%son ,or &hoosing the "eely set is there %re 3 lower degrees in /se %lre%dy. E=/%lly i*(ort%nt is the ,%&t th%t *ore degrees &%lls ,or the e%sier *ethod to re*e*+er %nd %((ly. The set we will %dd to h%s only 3 n/*er%l gro/(ings1 Ar%+i& %nd Ro*%n. The %ltern%tion +etween the two +e&o*es si*(ler li0e %ltern%ting &olors on % &ol/*n%r (%d. To &o*(lete the s&%le series we will need %ddition%l degrees ,or % tot%l o, FL. This will t%0e /s down to the se&onds to *in/tes in ti*e s(%n %((li&%tion. There is % set o, Tr%ns(%rent .$"G gr%(hi& ,iles whi&h *%y +e /sed ,or l%+eling th%t in&l/des everything in the set. These *%y +e entered into gr%(hi& editors li0e Sn%git %s STA#$S ,or =/i&0ly %((lying l%+els to yo/r (i&t/res. Yo/ *%y downlo%d the ,ree Gr%(hi&s Set here-
htt(-newelliottw%ver/le.orgin,ol%+els.ht*
The t%+le on the ,ollowing (%ge :in&l/ded in the %+ove gr%(hi&s downlo%d; will show the w%y th%t these s&%le %dditions will +e /sed in the re*%ining di%gr%*s in this +oo0. Th%t ,irst (i&t/re only /sed e'isting degrees so does not ,it % (ro(osed ti*e s(%n /s%ge. In %((lying the ti*e s(%n %((li&%tion g/idelines it w%s on&e %g%in not (ossi+le to %gree with */lti(le &%*(s. In the interest o, %rriving %t s(%ns whi&h will +e the *ost %&&/r%te %nd g%in wider %&&e(t%n&e in the ,/t/re so*e *odi,i&%tions were needed. It is ho(ed th%t these *odi,i&%tions will indeed h%ve % /ni,ying e,,e&t. As the new r/le +egins to resh%(e &o/nting *ethods % new o((ort/nity &o*es to st%nd%rdie l%+eling %nd there,ore enh%n&e %gree*ent %nd &oll%+or%tion %*ong Elliott 7%ve Te&hni&i%ns. I, yo/ wish to downlo%d /st the degrees t%+le witho/t the gr%(hi& sy*+ols yo/ *%y get th%t here-
htt(-newelliottw%ver/le.orgin,odegrees.ht* See the new degrees t%+le on the ne't (%ge.
3
1egrees Table
3N
Now !e Can %et The Full 9iew#oint
Using th%t e'tr% det%il in l%+eling we &%n now *ove in %nd o/t %t %ny degree witho/t li*it%tions to see the w%y this ,its into the entire Elliott 7%ve %n%lysis. Re*e*+er th%t this new r/le is wh%t the w%ves h%ve +een doing %ll %long %nd governs the entire s(e&tr/* o, ,or*%tion %nd *ove*ent in %ll ending %re%s. There,ore we will +e %+le to wor0 with s(e&i,i&s sin&e this h%ndles the *ove*ents ,or*erly &%lled e'tensions %nd %re no longer going to need g/esswor0. The ,%&t th%t yo/ %re %+le to si*(ly tr%&0 the st%nd%rd Elliott 7%ve &on&e(t/%l w%ve ,or*%tion %nd str/&t/res o, F thro/gh L %nd A thro/gh ) will v%stly si*(li,y &o/nts. It *%y see* str%nge %t ,irst +/t it shows itsel, ,re=/ently in these ending %re%s whi&h hel(s to +e&o*e ,%*ili%r with it =/i&0ly. On&e seeing the end o, < when inside % l%rger L th or ) w%ve the thing to &o/nt ne't will +e A r%ther th%n /st . The ne't s&reenshot will show this. In other words when inside % l%rger L th or ) w%ve it is going to +e &o**on to ti&0 these o,, in the ,ollowing ,%shionF > 3 > < > A > B > ) > F > 3 > < > A > B > ) > F > 3 ... %nd so on % ,ew ti*es de(ending on how */&h det%il yo/ will +e seeing. This /st (ro&eeds /ntil yo/ ,in%lly h%ve ,o/nd the revers%l %t the s*%llest degree Lth o, L where yo/ll then &%(t/re the set o, lower degree ,i,th w%ves whi&h h%ve +een +/ilding ,or the swing (ivot. 7e will loo0 %t % s&reenshot ,or this o+serv%tion o, the nesting o, degrees whi&h w%s /st des&ri+ed. The e'tr% det%il needed will *%0e the (i&t/re ,%irly &o*(%&t so re*e*+er yo/ *%y view %ll o, these s&reenshots %t their ,/ll sie here-
htt(-newelliottw%ver/le.orgin,oe+oo0di%gr%*s.ht*
This s&reenshot on the ne't (%ge shows three degrees %nd +y the third one there is % l%&0 o, det%il sin&e the
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