Roy, I agree with your assessment, however, after carefully reviewing
Elliot Wave recent prediction, there is still some distance. Like
LTCM that consists of two Nobel Economics prize winners, one vice
chairman of Fed, and one bond's guru, it still screws up eventually. I think
so far there is still no model that could predict stock well. I
think every entry point to the market (either buy or sell), there is
50% of win and loss. For a longer-term holders, the probability of
gain will be higher than short-term holders. On the other hand, day
traders still can win the game (e.g. seven out of ten times) if
excellent tools (e.g. quote.com) is provided under AAPL uptrend case.
Phil |
