Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 65.20

+5.5%

Feb 2 4:00 PM EST

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From: beato99	10/14/2008 12:44:33 AM
	2 Recommendations Read Replies (3) of 208214

Cheif, ive seen NO-ONE use elliott as an effective PREDICTIVE tool - only something used as confirmation in retrospect - like fibonacci, or trend line support - these things become glaringly obvious AFTER THE EVENT - charts are dug out to show these NEVER IN REAL TIME. I absolutely agree with your explosion UP scenario due to capitalism/economic freedoms the entire planet will embrace - not necessarily because of a 3 of 3 of 3 of 3 yaddayadda. What happens to these counts if there IS NO PULLBACK and we don't look back from here? I guess everyone will just adjust there elliott counts to reflect it, thats all.

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