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Strategies & Market Trends : Elliott Wave Theory

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To: David W. Taylor who started this subject	12/5/2000 8:38:47 PM
From: Vendit™	Read Replies (1) of 43

Excerpt from the linked post below. There is general agreement among Elliott Wave practitioners that the most recent Grand Supercycle began in 1932 and that the final fifth wave of this cycle began at the market bottom in 1982. However, there has been much disparity since 1982. Many heralded the arrival of the October 1987 crash as the end of the cycle. The strong recovery that has since followed has caused them to reevaluate their wave counts. Herein, lies the weakness of the Elliott Wave Theory--its predictive value is dependent on an accurate wave count. Determining where one wave starts and another wave ends can be extremely subjective. More of the post here>>> Message 14581503

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