That void between the two represents opportunity. Sometimes, price reflects what should be in the market and sometimes it doesn't. It's when the psychology is representing what the underlying fundamentals should be. Todd: Absolutely, it's timing and it's not only that. Vadim: So for you, it's mainly a market timing tool. Don't let them think, I don't want anybody to think that the big hedge funds don't have a department that is managing the trends and the corrections to time their ideas because they are.
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Your timing has to be right and you have to know when the sentiment has changed away from your fundamental driver and contain the risk. When you can't fight the crowd, even though if your fundamental idea is right, you need to have the community behind you to drive price. You have to be able to manage risk and understand when your fundamental idea is in fact being reflected in price change. I think it's important to have an idea of what fundamentals are driving the market but you have to be able to time. I'm not alone in this in that almost every hedge fund and money management organization has an element of timing their fundamental ideas. That's what's pitched to the investment community. That's what people understand in university. The majority of the financial mainstream media likes to focus on the fundamentals because that's what's taught. Elliott Wave is obviously the backbone, as you said, to my trading. Thanks to you and Robert and Tyler for those great chart of the days. Todd: Sure, first of all, thanks for having me, Vadim. Vadim: You obviously see some advantages to that. The backbone of your analysis in fact is Elliott Wave. Vadim: Yet you take a decisively different approach to the market. The first question I have for you is when you go to a show like CNBC's Squawk Box, for example, much of the discussion in those shows focuses on the market's fundamentals. We've also featured some of your work in our chart of the day videos recently. Todd, our viewers may know you from your appearances on CNBC, shows like Squawk Box and Fast Money.
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Vadim: Today in our Elliott Wave TV studio, we have with us Todd Gordon of and a close friend of HELP International.