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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: dennis michael patterson who wrote (1351)2/27/2001 6:43:01 PM
From: velociraptor_  Read Replies (2) of 52237
 
I use E-wave if I can fit it to a defined structure so it is only secondary. Sort of a confirmation measure. There are many other indicators I use combined to give me a primary picture of what is going on. Elliot waves can get messy, and when they do I throw them out the window until the picture becomes clear again and I never get bogged down in the fine tune squiggles. Keep it simple. I should also say that it's only good for short term as well, as the one caveat with elliot wave is that there are no time rules. Even if you are in the right place, who knows how long the current wave will last and then the wave structure may change in hindsight.

The one thing I can say is that we are in a down wave and there should be 5 waves. There are obviously 4 and we are starting the 5th. Beyond that...it's all a very logical and educated guess.
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