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To: philv who wrote (21074)6/3/2004 4:06:46 PM
From: sea_urchin  Respond to of 80952
 
Phil > don't know anything about this Elliott Wave subject

OK, I thought most people had views on the subject. I know some people are absolutely convinced in their accuracy but I am one who cannot even identify the waves. I wouldn't call it "technical analysis", rather, "voodoo vaves" -- hence the need for a guru.

altavest.com

>>It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. One of the easiest places to see this phenomenon at work is in the financial markets, where changing investor psychology is recorded via price movements<<

As far as I am concerned, psychology has little to do with contemporary markets which are driven far more by extraneous factors, eg derivatives, money supply, terrorists, manipulation etc, than by what people "feel" on any particular day. Further, I defy any two "experts" to agree on any of the vaves.

gold-eagle.com