GANN ARTICLES

Scan Inspector
The Elliott Wave theory is an excellent and profi table
method of trading. One of it’s drawbacks is it takes
a long time to look over hundreds of charts to fi nd
the wave pattern you are looking to trade. The new
scanner module by Prognosis takes care of this problem.
It’s a proven fact that the best moves occur at the start of
wave 3 in an up trend or a down trend.
The scanning module in ELWAVE can fi nd that wave for you
or any of the following trends: aggressive medium term down
trend, aggressive medium term uptrend, all negative, all positive,
conservative down trend in wave 3 medium term, conservative
uptrend
in wave 3 medium
term, down trend
in wave 3 EASI
negative medium
term, look for
wave 2 in wave
3 of a medium
term up trend,
look for wave 3
in a down trend
medium term,
look for wave 3
in a up trend
medium term,
look for wave 4
in a down trend
medium term, look for wave 4 in an up trend medium term,
look for wave 5 in a down trend medium term, look for wave
5 in an up trend medium term, up in wave 3 EASI positive,
medium term. When you fi nd the charts you the scanner has
selected, you can just click a button and open the chart up.
If you are interested in the Elliott Wave theory buy Elliott
Wave Masters for $69.95 available from Traders World. It
gives you two hundred pages of both classical and modern
Elliott Wave principals plus a real working demo of ELWAVE
6.0F which has the scanning module in it. If you decide you are
interested in the program you can take the price of this book off
of the program purchase.
58 Spring 2001 tradersworld.com
TradeStation® Pro
TradeStation® Pro is TradeStation Technologies new
online charting program and service. Unlike TradeStation
2000i, that required a large CD installation
disk, with TradeStation® Pro, you just download
this small program from the Internet. It takes only a
few minutes. You put in your password and user name and the
program is ready to operate. You get the power of TradeStation
2000i and more in just a few minutes. The program gives you
the same ability to back test historical data like 2000i did and
it works with streaming real-time data, directly from TradeStation
Technologies. You don’t have to use any third party data
feeds. You just pay one fee to TradeStation Technologies which
covers the cost of the service plus exchange fees from the
NASDAQ, NYSE, Amex and options. The program accesses
TradeStation Technology’s built in database on the Internet.
The database covers up to 30 years of centralized history for
any stock symbol. The program also features Level II, Time
and Sales, Real-Time Ranking Lists and more.
Since you no longer has to have a dedicated connection to a
satellite dish or cable connection, this makes you portable. You
can log on at home or work through any Internet connection.
TradeStation®, Pro uses a new kind of data pack technology
that enables fast transmission of data even using a 56K
modem.
The EasyLanguage® PowerEditor® is now integrated on
the desktop. You can open it and it will give you all the
tools to write your own entries, exits and strategies. You
can see simulated historical results instantly on your chart.
TradeStation®, Pro has the same excellent charting tools and
indicators, ShowMe and Paintbar studies that 2000i had.
Another important advantage with TradeStation®, Pro
is that you no longer have to worry about getting updates.
They are given to you free with your monthly charge. You
always have the latest technology. They expect to enhance the
TradeStation® Pro platform in the near future with access to
commodities data and intelligent direct-access order routing
via our broker/dealer subsidiary TradeStation Securities.
After testing this program we feel that it the TradeStaion® Pro
is an excellent product and service which meets the need of any
serious online stock trader.