www.elliottwave.com What’s commonly called the Fibonacci sequence is proven to exist by way of fractals in everything from human and plant DNA to the world’s financial markets. Popular television shows, such as CBS’s Numbers, regularly highlight the usefulness of the Fibonacci sequence. Fibonacci even played a star role in Dan Brown’s mega worldwide bestselling book, The Da Vinci Code, and later the film by the same name. There’s no question that Fibonacci numbers are all around us. But, why …
03 January 2010, 12:02 pm
Very good video!
In my video The Paradox of Schrodingers Cat an artist view it is Time that is the Hidden Variable. Time has symmetry and geometry that can explain the paradoxes of Quantum Physics. Could an understanding of the time continuum give us a greater understanding of fractals?
05 January 2010, 2:47 am
It is true, that so long as we react 4rm our emotional nature, these patterns (Eliot & Mandlebrot) will persist, regardless of knowledge of them.
However knowledge and willingness of a few to act on that knowledge in a stock room of an emotionally blind majority can lends an upper hand.
Once enough begin 2 play that game, the whole table is flipped. At which point, those responding mentally become a new element n the market. The whole fractal pattern changes to a new level of development
06 January 2010, 4:55 pm
There is chaos. But the chaos is ordered, i.e. Entropy.
Where systems of any kind get too rigid to flux with the rest of nature in harmony, chaos is wrought to break down the unfit and make room for new order.
Whatever the pattern, remember not to stray 2 far into materialism, for these patterns do undoubtedly arise from the very principles upon which the physical manifests from the void of pure potential. That in mind, these principles are understood to be universal and metaphysical in nature
07 January 2010, 4:55 pm
There are no efficient markets. Markets are reflexive. A change in price effects the fundamentals more than fundamentals drive price. People always buy stocks not on the basis of what their worth but because they think they’re going up then sell frantically when the exit door is jammed and everyone wants out. Telling a stampeding herd of emotionally driven people trying to get rich about technical patterns won’t change their behavior. True to nature, they act in Elliott patterns.
08 January 2010, 9:59 pm
Bonjour à tous les élèves de l’ULg qui doivent regarder cette vidéo pour leur cours d’anglais …
09 January 2010, 5:16 pm
“In efficient markets, knowledge of the Elliott wave principle among investors would lead to the disappearance of the very patterns they tried to anticipate, rendering the method, and all forms of technical analysis, useless.” from Wikipedia entry on Elliot Wave financial technical analysis theory.
12 January 2010, 10:59 pm
Touche. Fitting patterns after the fact does not validate a predictive theory. The most unpredictable wrench to progress is true war (e.g. WWII). When that comes, does the Fibonacci sequence break down? Maybe the Fibonacci sequence is a subset of some yet unknown set and on and on…
14 January 2010, 5:18 pm
I would tend to agree that there isn’t chaos, simply that we haven’t examined, explored, or completed our understanding of the known universe and all that occupy it at all scales of existence. However that does not mean there is any “grand scheme” to life or “intelligent design” governing those functions.
16 January 2010, 1:15 pm
Is this is true, please provide your evidence along with logical reasoning why the powers that be created the real estate meltdown and ensuing credit crisis and bear markets in stocks.
18 January 2010, 8:58 pm
although i agree with your postulate that chaos, by definition, cannot be quantified, there is a certain order and pattern which may govern certain phenomenon within this reality. I fell that ,without the study of apparent randomness, there would be no internal combustion engine and no microwave.
As far as creating something from nothing goes, we have just created a dialogue which was forged from that great nothing, and i am glad to participate.
-Cheers!
-JB
22 January 2010, 7:31 am
Nice video! It works great in nature, but humans and economics just don’t seem to follow the rule, sorry!
23 January 2010, 8:22 am
I think it’s not chaotic, i think the whole universe and our own minds are made in such enormous complex patterns that we with our limited perception can’t comprehend it, hence we believe all is chaos. In my opinion it is that this pattern (in our dimension and our universe) springs from the big bang (creation), and this almost “mechanical” pattern, which is in everything from humans to planet gravitation, will end when the universe, according to some scientist, will implode (destruction)
24 January 2010, 4:54 pm
There’s nothing mystical about a total balance in rhythm, amount and measurement of “living” things throughout the known universe.
The Golden Section IS mathematical, nothing more. It is MATHEMATICALLY the ONLY way to have something divide and grow itself from generation to generation whilst remaining in proportion.
27 January 2010, 1:03 pm
… quite remarkable. To find patterns in utter chaos or to create something from nothing. I’ve found that science these days is handicapped by questions like “what does it mean”. How can you say that we live in a chaotic universe and then ask what it means? If the universe seems chaotic then you aren’t seeing the order yet. Our perception is very limited. I would say that it all means that there is a strange sort of order to things that is difficult to understand. Manipulated or not.
29 January 2010, 9:34 pm
It’s interesting how people say things like “human brain just finds patterns in chaos when it looks for them” and then just move on like that means the patterns don’t exist. Also- doesn’t that make you think about what type of influence the human mind can have on what it perceives? You can take it as “we just make something out of nothing all the time” or “we alter the chaotic nature of things looking at them with intent and desire” or many other things. Just these two examples are still…
30 January 2010, 2:34 pm
That is because the stock market is manipulated contrivance and not a natural, self organising system. The fact that 80% of world wealth is concentrated in hands of less than 10% is clear indication of that.
31 January 2010, 9:11 pm
Very imformative thank you
03 February 2010, 5:03 pm
I am very very skeptical of their analysis of the stock market. I think these guys look for patterns in the wrong place.
06 February 2010, 4:49 am
If we use the perspective on the world in any form, we find what is called “organized chaos” in where everything follows “simple” rules and create free will. The markets are unpredictable but at the same time, the behavior can be predicted. It’s the ultimate paradox
06 February 2010, 1:29 pm
1) Projecting an outcome does not prove that a theory is valid. I can project whether the stock market will go up or down tomorrow based on a coin toss, but clearly even if the projection is accurate, it doesn’t prove that coin tosses are good predictors.
2) We don’t know whether the market will fall further.
3) If these theories are so great, why aren’t the practitioners the wealthiest people in the world by now?
09 February 2010, 9:40 am
According to the fibonacci ratio, there are several retracement patterns. At Elliott Wave Intl. however, they have been calling for a COMPLETE retracement of the 2003-2007 bull market by using this theory. Thus, proving them correct.
11 February 2010, 7:41 pm
So much for your “recent lows” and a 38% retracement. We are now much lower.
This stuff DOESN’T WORK. It’s a bunch of horse shit that appeals to quasi-religious greedy people who can’t accept that the market is unpredictable.
13 February 2010, 5:49 pm
The recent stock market lows of jan & march represent a 38% retracement of the 2003-2007 bull market. It is also interesting to note that the lows also represent a fibonacci projection level using the high/lows of the first decade of the 1900s….this stuff really works.
16 February 2010, 10:30 pm
maybe this is just too deep for me but i can’t help but watch this and think of the law of fives; it’s a bunch of bunk. if you go out into a chaotic world looking for one specific pattern, you are going to find it no matter what, someplace or another because that’s just the way the human mind works; it excels at finding like and unlike patterns. i’m not convinced that there’s anything of value here; in other words, what the hell does all this actually mean?
21 April 2010, 6:39 am
По моему мнению Вы допускаете ошибку. Давайте обсудим. Пишите мне в PM….
Юго-Восточной Западной Popular television shows, such as CBS’s Numbers, regularly highlight the usefulness of the Fibonacci sequence…..