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Strategies & Market Trends : Classic TA Workplace
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To: Jerry Olson who wrote (62867)1/6/2003 5:25:22 PM
From: At_The_Ask  Read Replies (1) of 209892
 
Good calls aren't the issue, incorrect counting is incorrect counting. You've always got a 50-50 chance of being right for the wrong reasons on any call.

You just said you were trying to learn ewave and I wished to point out that his counting is either completely wrong or "unorthodox". Maybe it's a "neowave" thing but IMO people should study orthodox wave theory before the more exotic flavors.

Aside from looking at a zillion web pages and online counts, the only ewave book I've ever read is "elliot wave theory" by prechter and frost and it works marvelously. It takes a little experience but it's a simple theory and often simple is better when it comes to trading. The free tutorial at EWI is pretty much the same thing as the book.

My .02...cheers
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