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.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.