Breakthrough Strategies for Predicting Any Market: Charting Elliott Wave, Lucas, Fibonacci, Gann, and Time for Profit, 2nd Edition

CHAPTER 3

Rotation

Now that we’ve set the table by explaining the basics of how the time factor confirms Elliott, let’s have some fun. Forget about trading and financial markets for a minute and pretend you are the starting quarterback or coach of your favorite pro football team. There are 32 teams in the National Football League and they all pick talent from the same place. Every February, all the coaches go to the Scouting Combine in Indianapolis and analyze the same players. If they are all digging from the same well, why do some teams do better in the draft than others?

Since there isn’t much difference in the talent level from one team to the next, why are some organizations more successful than others? Why do certain coaches win wherever they go? Just like anything else in life, luck plays a part. Certainly injuries and bounces that don’t go their way play a part. These are excuses; everyone has excuses. Teams can make excuses about why they don’t win just like traders can make excuses why the market went against them. Real winners don’t complain.

I was always fascinated how Dick Vermeil would spend 18 hours a day at the facility and sleep on the couch in his office from the time training camp opened until the season ended. I’m sure it didn’t do wonders for his marriage but he succeeded at every level of football. He took the Eagles to the Super Bowl in 1980. He evened retired from coaching but came back 14 years later and this time won the Super Bowl showing that his methods ...