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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Galirayo who wrote (16200)3/13/2006 1:15:08 PM
From: PuddleGlum  Read Replies (2) of 23958
 
You'll find me quite the unbeliever when it comes to most things E-wave. Fib numbers work because there are lots of them and if something is close (which happens often because there are lots of them) then that means the Fib number "worked". If no Fib number is close, then nobody thinks about it. Numerology, my friend. And the brain's tremendous capacity for finding patterns, even when there is no pattern. And the interesting thing about a 5-wave pattern is that there's nothing useful about a one-wave pattern, a 3-wave pattern is too rigid to describe most of reality, and a seven-wave pattern is too complex for us to deal with. So, we have 5-waves. Plus extensions. Plus Major and Minor. Plus....???

Yes, you are one of the best, if not the best, technician I've ever met. But I still reserve the right to disagree.

As for gaps, the answer lies somewhere in the middle....
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