Idiot is right back @6.60

THE POWER OF ELLIOTT WAVES AND SOCIONOMICS






If you study carefully the two charts/images and especially between the years 2007 - 2012 you'll come to appreciate the unique qualities of Elliott Waves and Socionomics. But that is only if you don't get blinded by the economics literature you have studied and come to accept as default. Also, your primitive brain (this is a scientific word, sio matusi) aka basal ganglia can blind you from seeing and accepting this evidence of superiority of Elliott.

So, this is how it goes:

Btw 2007 -2009, the Safcom price chart shows the stock price was falling in value. The same thing(falling profits) is shown in the Profits chart (it is subtle and you may need to look closely).

Btw 2009 - 2010 the stock price rose in value to about 6/=. The same goes for profits which shows a bump in 2010.

Btw 2010 -2012 again Safcom price fell in price to about 3/=. The profits mirrored this by falling in value btw 2010 -2012. Another interesting thing here is that the profits in 2012 is higher than that in 2009. That implies Elliott's 1st rule that second waves can never fall below the start of first waves. As can be seen from the price chart, blue wave 2 never fell below the start of blue wave 1.

From 2012 to presently in 2018 the share price of Safcom has risen dramatically. The profits have risen in tandem with the share price. From the evidence, it is important to also notice that the share price rose/fell first before the profits increased/decreased. This means that you can/should use the share price to predict the direction of the profits. Those who call themselves fundamental analysts do the opposite - like what they are doing right now, trying to figure out from the financials where the price of safcom share should go next. This approach (fundamental analysis) is defeatist.

Learn Elliott, apply the rules rigorously (they are only three rules) and see yourself succeed at forecasting much better than even university professors in economics.

All done after the fact. WB doesn't believe in Charts but fundamentals including good governance. Which chartist comes close to WB?

What you call Socioeconomics in essence is, the fundamental analysis. They are mutually exclusive. If a company's fundamentals flop, it doesn't really matter what TA you come up with, it could be just one marubozu, and case closed. That, and sometimes TA is not picture perfect. When applying it historically, one can force it, however real-time, you need fundies. Fib can give target points, but a break-out is in essence governed by FA