What is the Market Matrix?
The question for anyone who has read this far is of course: what is the Market Matrix and what can I hope to achieve in my trading and investing?
Steve Copan himself writes: “The Market Matrix is tool powerful enough to predict future stock market prices, currencies, interest rates and any other traded instrument in the world. It is based on advanced mathematics and has its foundations starting with the formation of the universe. These mathematical calculations can be used with incredible accuracy in the financial markets.”
If you ask me what the Market Matrix is, I would say that it takes the uncertainty out of Delta to provide the most accurate method for analysing the markets. The ambiguity of Delta is that turning points can be two or three days out, and at times can “invert”. Using the Market Matrix you are provided with a tool that will pinpoint the turns with extreme precision.
The Market Matrix is an awesome piece of work. The CDs were finished in the first days of November 2004. In the final CD Copan looks forward to the months ahead in the SP500, and he shows the viewer how he arrives at the 3rd of January 2005 as the high in the SP500 cash index at a price of 1118. It is a true testament to the value of the Market Matrix, and it is done 2 months ahead of the actual day.
The general theme of the 3 CDs is to teach the viewer how to calculate turning points in the market, whichever market that may be. It could be in stocks, commodities, currencies or indices. The method makes use of Welles Wilders Delta points as the foundation. The Market Matrix is however all about one thing and one thing only: TIME. It is designed to teach the user how you use time as the most important tool in your trading decisions. Calculating price targets actually comes second to time. This is not a new theme. Gann made the same assumption. I have lost count the amount of times Copan has said to me "Time is the most important tool".
The foundation that is used in the Matrix is Fibonacci numbers, extensions of Fibonacci, and ratios of Fibonacci. It is used in conjunction with Delta turning points and the aim of course is to pinpoint turns in the markets. The Matrix can be used for intra-day trading, swing trading and longer term position trading. In my experience the hardest bit to master is the intra-day trading, while trading over a couple of days is more straight forward.
The CDs goes through the USE of Delta very elaborately, the use of Elliott Wave in relation to Delta Phenomenon and The Market Matrix and the use of Fibonacci numbers. A lot of time is spent on teaching how the Delta points tie in with waves and Fibonacci counts/numbers. The last CD of the 3 CDs deals exclusively with time (and price as well) and the "how to " step-by-step.
Edited by Russ, 03 March 2007 - 11:11 AM.
