About Stock Waves

Intro

 * As of early 2013, ElliottWaveTrader added "Stock Waves," an additional service featuring wave analysis on individual stocks, led by contributing analyst Zac Mannes. Stock Waves is separate from Avi's Market Analysis, and can be added at a combined service discount. Stock Waves posts appear live in the Trading Room, with a Coverage List table and link to the archive in Zac's tab.

StockWaves Coverage List

 * The Coverage List consists of stocks covered by Zac in our StockWaves service, ordered by latest post and going back 90 days. This includes short-term earnings plays, as well as longer-term plays previously listed in our StockWaves Watchlist. Click on the stock symbol to view latests posts, and see Latest Chart Count to view last chart by timeframe.


 * On September 25, 2013 we amended the presentation of our StockWaves Watchlist to allow easier access and searching of the most up-to-date charts, and also allow more stocks to be tracked. It also standardizes inputs somewhat vis-a-vis time frames and patterns, giving members a better idea of the current opportunities.


 * Email alerts are no longer automatic, but rather at Zac's discretion. This can be revisited, but the fear was that too many email alerts would be created with some many more stocks being included. Also the more dynamic nature of the list in conjunction with the improved tagging and chart searches show make information faster and easier to find. If there is a significant change or an opportunity that seems more immediate, Zac will likely have that emailed, too.


 * In the Opportunity column are designations such as ER (earnings plays), SS (potential short squeezes), LT/ST bottoms or tops, LT/ST Consolidations, and also LT EW for things that Zac may continue to provide chart updates on as long term EW studies but may or may not have any current clear set ups. Abbreviations: ER=Earnings; SS=Short Squeeze; LT/ST=Long/Short Term; LT EW=Long-term EW Study; Con=Consolidation.


 * In the Target, Support & Invalidation column, Target is the ideal target based on the most common Fib level for the wave listed. As a general default, Zac will have most chart updates for this list be 60min, which covers price history up to 90days and projects forward 1-3 months. So while we may discuss some longer-term potential, usually the "target" will be for that degree move. Occasionally daily charts will be used, as well as 15min, but more often when Zac posts a 15min or shorter duration chart he will not "update" the count on the Coverage List, as long as it confirms to progression toward that target.


 * Support is used as the most likely target for a consolidation to stop or furthest 'normal' extension of that. Zac also uses support in lieu of "stop" because a stop is something personal each trader must actively determine for themselves.  Zac can show where a consolidation SHOULD hold based on primary/alt patterns and where IF that pattern is confirming that "support" level could potentially be raised to.


 * Invalidation is the point where an EW rule would actually be broken forcing a change in the current count. This is perhaps THE BIGGEST distinction between the academic practice of Elliott Wave THEORY and putting EW into practice as a trading tool. While the pattern may not get invalidated until a new low is made or a 4th breaks into wave 1 often that is too much room for a trader to endure. So while prior ideal "support" levels may have been broken and there may not be an immediate clear entry, the pattern is often not actually broken.

Zac's Bio

 * Zachary Mannes is the lead analyst for Stock Waves, and was one of the founding members of ElliottWaveTrader.net. He began working in finance as an investment adviser in 2008. In 2010 he discovered technical analysis and specifically Elliott Wave Theory and took to it immediately. He continues to push the boundaries on how sentiment drives the perception of fundamentals and how some fundamentals can influence sentiment, while focusing on a bottom up micro approach filtering through charts & EW counts on hundreds of individual stocks. His dalliance in individual stocks became official with the launch of Stock Waves in early 2013. Zac continually works to refine his technical analysis skills and perfect the accompanying trading strategies, both personally and now as Principle of RAphi Capital Management (link: www.raphicapital.com). Zac received a Bachelor’s degree from the University of Maryland, and resides in Maryland with his wife Shana and their children Ariella and Jonah.