theniteowl: Responding to your inquiry from last evening - I don't subscribe to Sandspring, just review the daily Chart du Jour column. I DO read Contrary Investor every issue: He/They offer a good contrarian viewpoint, but I have noticed that they are self-contradicting over time. A few weeks ago he was crying inflation and an overheated economy, but is now on the economic slowdown bandwagon, as it suits his purposes of the moment. So there is a bit of a credibility issue to me, and I suspect the charts and statistics presented are pretty slanted at times. And, while the information presented is very educational and not usually seen elsewhere, I don't find that it really helps my trading. Regarding EWT, I have only dabbled, but since EWT is heavy into Fibonacci, and I use that alot, I want to eventually study the wave theory further. But you are right that it only works if you interpret the waves correctly and there is perhaps a lot of luck involved in hitting it right.
The Phoenix
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