Given that the stock market is a chaotic system with trillions of interacting components, I would take issue with the assertion that the golden spiral is a useful market-prediction tool. Regardless, this video is an approachable and well-produced treatment of some natural occurences of phi and Fibonacci sequences. Enjoy.
The Wall Street Journal has this to say, “The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method’s loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.”
Whatever the case, the bottom line is that if these guys had figured out a way to predict the stock market, they wouldn’t be publishing videos about it on Youtube.
I think they are not talking short term predictions that could net immediate profit. They are talking long term patterns.