Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 6 terms
A fall of 10% or more from the peak.
Roughly an annual event on the long-run Indian record, and no predictor of anything worse. If a 15% fall would make you abandon your plan, that is a fact about your allocation rather than about the market.
The distinction between large one-directional candles with little overlap and small overlapping candles that drift.
Which direction is urgent and which is reluctant. When the corrective direction becomes the impulsive one, the trend is changing — usually before the structure formally breaks.
The labelling of a price series into Elliott's five-wave impulses and three-wave corrections.
Write it down before the move or it taught you nothing. A count produced after the fact will always fit.
In Elliott Wave, the three-wave A-B-C sequence that runs against the prevailing trend.
The genuinely useful half of the distinction: corrections overlap, chop and consume time, while impulses are clean and one-sided.
In Elliott Wave, a five-wave move in the direction of the larger trend, each wave subdividing into the same structure at a smaller scale.
The observation underneath is sound — trends do advance in bursts separated by corrections, with the middle push usually strongest. The numbering adds a precision that is not there.
Investing a large sum in a single transaction rather than spreading it across time.
It wins more often than staggering, because markets rise more often than they fall. It also produces the one experience — everything deployed the week before a 20% correction — that makes people abandon equity altogether.