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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: bobby beara who wrote (4596)1/22/1999 10:41:00 PM
From: Vitas  Read Replies (1) of 99985
 
>>> Prechter's mistake is to interpret Elliot on a century long basis<<<

absolutely

You can see the five wave principle in many charts, even in oscillators, frequently. That is a great contribution to technical
analysis.

But for someone like prechter to be calling for the end of the world since 1987 is downright silly. Although if it ever happens, he will,
with a straight face, say - see I told you.

By the way, Elliades's has an indicator that equates the 1942 -
1960's move with the 1982 - ? move. (hint- 23 years)

He seems to ignore it.

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