Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (4876)	6/13/2001 5:26:57 PM
From: UnBelievable	Read Replies (2) \| Respond to of 209892

$SPX - Fifth Wave Down? A little knowledge can be very dangerous This is the last jpeg (and I made it smaller). I got to figure out what program to use to save these charts as a gif’s. geocities.com Now, I know that the first wave is probably too small (isn't the middle one supposed to be longest), but while I think Elliott wave is very useful, primarily because it increases your awareness that any trend is going to change, it is fairly clear that as a quantitative analytical method it does not work, The fact that every point derives its "thrust", "momentum”,”angle” and “orientation” from a potentially infinite number of superimposed waves, all of which it is a part, makes it quantitatively infeasible even if it was theoretically accurate. This can be easily seen from the types of calculations that are required to develop the most simplistic wave models. (See the link about understanding Wave Analysis). It also seems fairly clear that even on a theoretical basis it cannot work. For wave analysis to work as has been described it would require that the universe be deterministic. At this point I would think that the practical demonstrations of the reality of a Quantum universe draw that requirement into question. (Not to mention the fact that few people would be willing to accept as reality the fact that their gains and losses have been determined way before they even began trading <gg>.) Furthermore, even if it could be shown that the universe within which the analysis is being used is deterministic, we would still be left with Heisenberg’s sampling problems. Anecdotally, it obviously doesn't work because no two wave “experts” consistently (or even hardly ever <gg>) derive the same result from the same data. The fact that at times it appears to work is not particularly relevant. So have we entered the fifth wave down?