In technical analysis and elsewhere we often employ linear tools to solve our day today problems. But if anyone who has looked at Universe, would agree that this world is not at all linear at any level or any dimension whatsoever but rather fractal. ( Just in case if you don't know what a fractal is, search fractal on youtube and watch top 10-20 videos).
We just assume that linear tools would work and solve our problems. But a solution can only be considered a solution when it works for everyone under most situations. For example, ask any second class pass student world wide what is 2+2, they all will always give the same answer 4. But pick up any 2 technical analysts and show then the same chart, 70% chance is that they will differ! What is the issue? Is the application of technical analysis wrong, or is it technical analysis itself is not at a stage where every TA can say 2+ 2 is 4?
So I was talking about linear tools and fractal world. It is indeed true that except for the Elliott wave every other tool which we use to understand the chart is linear. Whereas we all know that market is a fractal. This could be one reason of failure. But then even Elliott wave just accepts the fact that market is fractal, when it comes to providing a definitive solution, it too falls short, Its quite evident that 2 EW experts more often than not will differ in their counts.
We human beings treat even time as linear. We have divided 1 year into exact 365 days based on rotation of earth around the sun, and once in 4 years add an extra day for some marginal error. Our hours, minutes and seconds are equally divided.
But if you really look closely, earth's speed actually varies around the sun throughout the year. Earth does not revolve in a circular path, but rather an oval path, and so does every other planet and even moon around the earth and electrons around the nucleus of an atom. As Einstein theory of relativity puts time, space and gravity into correct perspective, it is well known to scientists and physicists that time is NOT linear but is rather relative, and not only relative, it is a fractal!
More on this later...
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Please feel free to comment, debate or raise questions, thanks!
Well I'm Happy to be part of this community for this reasons(new views nd opinion).Well Using Stephen Hawking theory here,its indeed awesome idea. But isn't Ray Dalio's Economic Machine have similar kindof approach?
pankajvw
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@VikramRajput, thanks and welcome, wishing you a happy Christmas!
Ray Dalio is veru different than what I am going to present.
Pankaj...Can you share in more detail what you are trying to imply...what ever you have written doesnot look consistent....Are you trying to align Fractal with market or time..or time with market.
Markets are fractal...everything in world is Fractal..fractal means the smallest component that can't be divided..that is what we say that tech analysis works on all time frames..because every small time frame is fractal for its higher time frame...it is valid from tick chart to the highest level TF....so elliot waves are formed on 5 mins and same waves also form on 1hr or daily etc..
Regarding Time vs market...thats an area where we need your inputs as in how can you decide on a specific date? Please eloborate...
Also btw..do you know that Jan every year markets generally makes the good move..and also when ever US president is elected the 1st year is generally good.. but after every 8 yrs market crashes...so after 2008-2009 it should be year 2017 that should have a crash... Do you think that aligns with Demonitisaton and that could be a reason for market crash...causing indian markets going till 6500..whats your say....
pankajvw
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@scalpwing, Welcome and thanks for your interest in time. I have already added in the post "to be continued..." which means that I will cover things step by step in several posts. This is just the starting.
Regarding your question, I am saying, if we learn fractal nature of time and how to calculate it, market will be as easy as 2+2!
So please keep following. Timewave will surely blow your mind with its amazing accuracy and consistency, something which other techniques fail at. Please keep clicking on 'Thumbs up/ Agree button. And welcome!
Thamil
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Great sir, I'm a beginner of share market and trading. Your views completely different that's I want to learn. thamilsakti@gmail.com. If you have any blog means give me that site address, so i can follow u.
I believe "time" is the key for market
pankajvw
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@Thamil, Many thanks for the kind words. I will cover time here only. Timewave will surely blow your mind with its amazing accuracy and consistency, something which other techniques fail at. Please keep clicking on 'Thumbs up/ Agree button. And welcome!