By David Bowden
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We live in a “quick fix” world - hard work is not an attractive option for many people. 34 © Safety in the Market Pty Ltd 1997. - Reprinted from Winter 1996 Ticker Tape. AT LAST - GANN AND ELLIOTT BECOME FRIENDS! by Neil A Costa For many years dedicated Gann analysts have treated Elliott Wave advocates with great suspicion! Indeed, the humour has been flowing thick and fast between the camps! • Have you ever been to one of David’s seminars and, when a white board pen didn’t work, hear David say “it must be an Elliott pen?
Identify market signal... Confused, anxious, or inconsistent reaction... React automatically with confidence... Feel ‘bad’ (angry, nervous,hesitant) about the trade. Feel ‘good’ (confident, high self-esteem) about the trade. 35 COMMON INNER OBSTACLES • Failure to realise that you can control only yourself, not the markets. • Failure to realise that you alone are completely responsible for the outcomes of your actions. • Inflexible perception.. • The unstructured nature of the market. • Losing the edge.
Some research evidence indicates that approximately every hour and a half, human beings experience a sort of ‘let-down’ for about a quarter of an hour. During this time we tend to fumble over words, make mistakes, find it difficult to concentrate and become more forgetful. If you attempt to work through these ‘let-down’ periods, you will become increasingly stressed and your data analysis will become more fraught with error. Therefore, it is helpful to lie down or relax in a chair, notice which parts of your body feels most comfortable, and then relax into that comfort which will spread automatically to other parts of your body.