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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: set who wrote (47656)	6/7/2000 3:36:00 AM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

don't know what the deal is but SI is making it tough for me to post PM's....so I dug up an old post to give you a reply to your PM.....anybody else reading this will have no clue as to what the subject was, but if they want to submit $25 for a trial membership, they can send it to you well isn't that totally interesting? Here is what I say. Prechter came up with 'formula' using E-Theory, Fib, time Fib..etc. etc. etc. that had a REAL DAMN GOOD LOOK back in 1977-78 which targeted 2700's when DOW was under 1000. And it happened and it made him famous......and since THAT one worked, he got Elliott religion and therefore when the next monster wave ends it HAS to go back to wave 4 of the previous (Prechter thinking 400-1000 DOW) and he has been picking this crash for years. He wants vindicated. Now this guy, Peter DUMB roski thinks Elliott Theory is ordained from GOD....HORSESHIT,HORSESHIT,HORSESHIT...it is a THEORY...it was postulatated by a sick dying man swinging on his veranda pouring over price movements of a stock market that was controlled by a handful of wealthy...in the 1930's FOR GODS SAKE!!!! Did the man even have a telephone? I can assimilate MORE data in 1 month than that man could in 10 years. Ralph noticed patterns and he put those patterns into perspective with crowd behavior and he 'labeled' how this sentiment travels.....THAT IS BRILLIANT on his part.....but the man was TOTALLY limited, he didn't even have a hand held calculator to figure Fibs...his data was totally limited to a fledgling market that didn't REALLY START UNTIL THE 1870'S(WITH WHAT? 11 participants?) So in the 5-10 years he was looking at this using an abacus and wrinkled hand plotted charts HE FIGURED OUT ALL THE POSSIBILTIES!!! YEAH,RIGHT! What he figured out was that there are patterns that REFLECT crowd sentiment....no diagonal 1's??, cut me a break.......No "B" waves that are triangles?H-M-M-M-M guys like this Krackoweski are missing the underlying theme and taking some dying old mans "most excellant observations' as some law of nature I follow the tenets.....and the idea..... and there is NO doubt there are 5 wave movements and ABC movements and certain levels that shouldn't be violated during waves....yes, I believe that. But in your short period of time watching this stuff you KNOW there are MANY times when it just SCREAMS....WHAT THE HELL IS THIS!!!(oh, it's a triple-double abc combo with a 1 1/2 flip) Yeah, I'm sure Ralph had it ALL figured out in the few years he spent on his porch. FORM.....its all about FORM, form indicating unbridled enthusiasm during a 3rd wave...trepidation, distribution under the guise of positive sentiment during a diagonal 5th. fear and uncertainty during a wave 2 until support is found above the beginning of wave 1....FORM, FORM, FORM.... the preponderance of triangles in wave 4 as those who rode wave 3 up take some off the table(not all of it) and those who weren't sure of the strength of 3 come in late and are now eager to gobble up the mini-profit 'locking'....FORM,FORM,FORM enough babbling....the guy is an idiot, him are got Elliott religion by the way did you know that(short term) we are in a wave 4 of a "C" wave right now from the run up starting the end of May? Elliott told me so. he also told me that we are in an ending diagonal since Oct 1998 on the SP and NYSE, with 3 of the 5 'abc' waves of this diagonal having been completed at March highs....and that the parabolic on the NAZ was a 3rd wave top from Oct 1998, with current decline being 4th and a FAILED 5th will be coming. Ralph told me all this while I was swinging on my veranda wondering why my computer refused to boot up. Carl