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

CHAPTER 8

Advanced Projection Techniques

Up to this point, we’ve put together a very decent catalogue of Fibonacci and Lucas studies. We are at a point where we’ve covered just about every way the vast majority of traders use their methodology of choice and combine it with the Lucas cycles to create the best pattern-recognition methodology on the planet.

I like to use sports analogies and we are at the point where you now have enough tools in your arsenal not only to make the playoffs but qualify for the championship game. We are not happy just to get to this point. We are not happy with just getting to the championship game. Think about your favorite sports teams. Whether you follow the NFL or World Cup Soccer, isn’t it painful to lose the big one?

Let’s take the Super Bowl, for instance. Your team fights all season just to qualify for the playoffs. Depending on where they finished the season, they either have to survive two or three big playoff games to get to the Super Bowl. They get to the Super Bowl and now you have to endure two weeks of hype leading up to the game. It’s a very exciting time but I don’t think I have to tell you how much it’s going to hurt if your team loses. They had a great season, in any event. However, if you come so close, why not win the thing?

And what’s the difference between winning and losing? Not much, really. It’s the little things that mean a lot. It’s that extra bit of preparation, that extra 15 minutes of practice. It’s the extra studying, paying ...