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To: bobby beara who wrote (9532)4/7/1998 1:24:00 PM
From: Bruce McGaughey  Respond to of 116764
 
Thanks, Bobby.
Elliott Wave is interesting but I've never been able to rely on it.
It seems most of the rules apply but only when you look backwards
on a chart. I can't get any predictive benefit from it.
Many of the technical guys say that the best tool to use is
still just a pencil and a ruler. In other words, trendlines are
the best thing going.
Sometimes, I go with a 3-month chart and a 9-3 day moving average.
Most of the times, though, I just eye-ball the sucker and go
with my gut feeling.



To: bobby beara who wrote (9532)4/7/1998 3:31:00 PM
From: Gary H  Read Replies (1) | Respond to of 116764
 
Hi Bobby, I my limited experience with the elliot, I' considering it this way. Since we had a triple top through Jan. and Feb., I should think that wave 1 started on Feb. 24th and ending on Mar. 10th meaning
we finished wave 3 on the Mar. 6th and are now in wave 4. This open for scrutiny for sure. Just MO.


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