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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (5733)	11/14/2001 5:48:43 PM
From: ajtj99	Read Replies (2) \| Respond to of 99280

Rich, I've noticed that many of the e-wavers tend to pigeonhole their e-wave theory into the established T/A, most notably Fib retraces and support/resistance. In other words, the e-waves are interpreted to fit the current situation. The subjectivity of it is makes it pretty hard for me to fathom e-wave as a useful and reliable indicator. Isn't da_cheif looking for Dow 26,000 or something using his waves? He's pretty well respected for position moves, but the e-wavers I've read tend to throw out numbers that have no real world justification other than the waves work with them. I think one of them (maybe gem-x?) also had a wave count going to 8000 COMPX in a post I read earlier this summer.