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To: Spekulatius who wrote (76035)	6/17/2003 7:42:54 AM
From: skinowski	Respond to of 209892

I agree with everything you wrote - except that I am about to say an even greater "heresy" - about the applicability of the "scientific method". John’s big problem with theories like EW is that they are not "falsifiable". My answer to this is that so are the markets. Yes, if we are wrong, we "re-count". The market is never wrong. It just does whatever it does. One cannot have a philosophy of markets which would be inflexible. Markets are run in large part by collective states of mind, and these are not reproducible (not rigidly so, anyway, perhaps only as very general outlines, a.k.a. EW fractals... -g). I am glad there is someone else here who also reads the book. Perhaps we can bounce it around some more later. Cheers!