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Strategies & Market Trends : Zman Market Timing -- Ignore unavailable to you. Want to Upgrade?

To: zman69 who wrote (689)	11/2/2013 9:27:38 AM
From: skinowski	Respond to of 15903

The theory behind the Elliott Waves is that they reflect our collective unconscious, the ebbs and flows of the public mood - and that all those dynamic changes take place simultaneously in many time frames. This occurs in certain definable fractal patterns, which are "robust" - but also seem to be ever changing, because they consist of varying combinations of smaller patterns. Stock market charts merely happen to be a sensitive reflection of what takes place in our collective unconscious. People like to see order and patterns in everything. So, sometimes we over-read patterns so that we could "discover" order. Unconscious is by definition dream-like. Our dreams may reflect very important things that happen inside us and in our minds - but those dreams are metaphorical and fuzzy. For their "communications" to acquire value, people must notice them - and interpret them. It's the same with using EW for chart reading. IMO, more important than having every little squiggle in the right place, is to ask the question - "What is it that Mr. Market, driven by our collective unconscious, is trying to tell us?" If TA and other data can help with this interpretation - that's wonderful. I'm sure many EW practitioners may not agree with this.