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To: Jeff Jordan who wrote (24362)	9/17/2000 10:50:04 AM
From: Iceberg	Respond to of 53068

>clutter my mind with more technical crap <g> Jeff, Lol! Thanks for the link. I get a kick out of studying various market theories, but Elliott's is one I haven't taken the time to seriously look into. The link you posted appears, at first glance, to be one explanation that is clear and understandable. Here's a couple of quotes about Elliott from one of my favorite books, Alexander Elder's Trading for a Living... "Elliott...searched for a perfect order in the markets - a fascinating but futile undertaking". [p. 70] And..."Some traders try to establish profit targets. They want to sell strength when prices hit resistance or buy weakness when prices reach support. Elliott Wave theory is the main method for trying to forecast reversal points." [p. 265] I think it's probably worth SOMETHING to take the effort to understand what Elliott's theory is all about. Even if it does turn out, in the end, to be "mind clutter". I plan to read the poop you posted to see what it's all about. Thanks. Ice