SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CFZ E-Wiggle Workspace
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: northam who wrote (30432)9/11/2018 12:13:55 PM
From: skinowski  Read Replies (1) of 41551
 
Why is EWP so argumentative?

Because it is to a large degree subjective.

Think about it as a "rule guided gut feeling".

The important word in this is "rules". That's what gives the method value - it's a lot better than plain old gut feeling.

So, if used as a probabilistic guide, it's helpful. But one must stay fluid and flexible. Being a "true believer" with regard to any given scenarios is a mistake -- you'll be right on some, of course... and pay a heavy price on some others.

Robert Prechter is a great expert in EW... but he'd ruined his reputation by being wrong for many years, on some large scale scenario. Kept seeing that big top around every corner, year after year. Killed his stats as a market advisor - his rating is the lowest among the well known gurus.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News