April 1, 2011
-- Munich HQ – 4th April 2011: WaveTrack International (WTI) launches The ELLIOTT WAVE COMPASS (EW-Compass)
as it’s new bi-weekly report focusing on short-term price trends derived from the Elliott Wave Principle. Whilst providing an intermediate-
term orientation of global trends, the EW-Compass is specifically designed to offer clients with a more current view on short-term movements in major markets, including stock indices, bonds, currencies and commodities. WTI recognised the ever growing need for professional market participants to maintain an overview on contracts from varying asset classes trading across the globe as interdependency is ever binding positive/negative correlations together. The EW-Compass report offers a truly macro-picture of price development.
As with WaveTrack International’
s flagship product the EW-FORECAST, the new EW-COMPASS report draws upon three deterministic methodologies to compliment the wave counting process, ‘ratio & proportion’ measurements, ‘positive/
& ‘cycles’. WaveTrack’s unique house-style approach is used to overcome the subjectivity of the wave counting process, incorporating strict guidelines to each designated pattern sequence whilst creating a seamless connection adhering to the hierarchical construct of the differing time-periods analysed. There is a weighted emphasis to tutorial instruction in each chart, clarifying the logic on how each is constructed for easy translation into trading strategies.
“We have provided our institutional clients with Elliott Wave price forecasts for over twenty years, so we are excited to have this opportunity in launching the EW-COMPASS report for individuals trading throughout the world”, said Peter Goodburn, who heads the analytical team. “This is the first time we have introduced our discoveries of Ratio & Proportion to a wider audience and am confident everyone will find this a revelation in the way price trends can be anticipated, measured and ultimately profited from’.
For more information please visit wavetrack.com
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For further information please contact:
Tel: +49 (0) 89 210 207 10
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About WaveTrack International:
WaveTrack International (WTI) is a financial price forecasting company operating from locations in Munich, Germany and Central, Hong Kong. The company is regulated by Bafin (Bundesanstalt für Finanzdienstleistungsaufsicht)
within Europe and has an advisory license providing services related to directional price movements within the product areas of stock indices, currencies, fixed income and certain main-stream commodities. WTI specialises in the price forecasting methodologies of the Elliott Wave Principle. Clients include Investment Banks, Pension Funds, Total/Absolute-
Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/
Trading institutions and informed individuals – & just about anyone who is affected by directional price change.