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To: The Freep who wrote (3938)5/31/2001 6:11:39 PM
From: velociraptor_  Respond to of 209892
 
Something to keep in mind though is that Prechter missed the entire run up of the late 90's. Everyone is wrong often when it comes to EW, but his were some major booboos, because of his inability to remian flexible.

IMO, EW is best used on the shorter time frames...to catch 5 clear waves in a specific direction and to see when corrections come about and trade off the impulses. Trying to string the whole kit-and-kaboodle together for a long term forcast in EW can be disastrous.