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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: Kapusta Kid who wrote (555)	1/21/1998 6:42:00 AM
From: Cage Rattler	Read Replies (1) \| Respond to of 745

Pete: Couldn't agree more. Elliott theory is incomprehensible -- waves within waves within waves within waves... no one knows where they are at any time, yet they all claim the obvious in retrospect. Ad hoc theory at it's best. ;?) Have you checked out the Favor's Analysis? There are some free samples of that and several other services posted on Infovision, I think that's the name -- it might be worth a look see. If the off-the-top-of-my-head URL is incorrect let me know. Ciao, Ted

To: Kapusta Kid who wrote (555)	1/21/1998 7:50:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 745

Good Morning Pete My limited work with the Elliot Waves has shown me that they have some broad-based accuracy and can define POTENTIAL MARKET MOVES.... But they rarely pin point exact time or price movements..... I have used them as filters to seperate the noisy information that is always aparent and help point-out a potential market direction. Don't you think that Elliot Waves in the hands of an excellant practioner could produce excellant results. Elliot did understand something about the cyclical nature of these markets. They are a method of focusing ones attention and intuition on its activeties.... But Elliot's are open to enormous varieties of interpretation...wave lengths... where do they start...end...etc. Some of his followers were calling for a top at 5000 and there was a lot of scrambling...and mashing of teeth...>>smile<< Peter Eliades of StockMarket Cycles (someone I have followed) is an excellant practioner who ranks very high in Hulberts Newsletter for longterm performance....but over the last 3 years he's been mostly in cash and his short positions have almost always lost money. Japan is up 2% HK is down 2%....general public confindence that Asia will be taken care of...should send us higher short-term with continued volatility. I feel that this market will tend upward until some significant event declares....IT IS OVER....Japan may still be that event...? BWDIK....just an amateur.. Good Trading Chip