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

To: CharlieChina who wrote (7147)	7/13/2001 6:41:28 PM
From: Shack	Read Replies (3) \| Respond to of 209892

In closing, EWaves do work but only if one truely understands the internal dynamics of a market, else you are all just sitting ducks. I disagree with this statement simply because there are too many possible Elliott counts for any given scenario which often infer moves contrary to each other. And no matter what the alleged manipulators do, there is a count to support the market's move. Some say this is a weakness of Elliott but E-Wave isn't about predicting markets in as much as it is about identifying low risk/return trades. And for that, I have found nothing better. However I think that E-Wave is indeed complimented by other measures. Like I've been saying, there is a fairly strong e-wave count which has a major rally beginning couple of day's ago and lasting for weeks. This appears to be the preferred count out there but sentiment measures argue against this count so it is not my preferred. The next dip is going to be bought by bulls and bears alike and I want no part of that.