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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (16036)4/10/1998 3:26:00 PM
From: LastShadow  Read Replies (2) | Respond to of 94695
 
Haim:

Elliot Wave analysis is just an extension of fibonacci retracements. It went out of favor when folks realized it only worked in specific markets, and because the EW patternists tended to discount events that didn't fit into their model. I don't see it coming back in fashion, as the basic mathematical premise is still flawed.

lastshadow



To: Haim R. Branisteanu who wrote (16036)4/10/1998 6:21:00 PM
From: Barbara Barry  Read Replies (1) | Respond to of 94695
 
Haim,
I never tried to learn EW theory.I read a bit of Prechter and he was so negative that it turned me off.So I have stuck with more conventional TA.IF I had the time, I would definately take a more indepth look at it.SO much to learn...and so little time...and a brain that needs more gigs!<vbg>
Regards,
Barbara



To: Haim R. Branisteanu who wrote (16036)4/10/1998 8:13:00 PM
From: tom pope  Respond to of 94695
 
>>The problem is the interpretation of the waves<<

You have that one right! EW theory is never wrong because there is always an alternative reading, with a "45-55" probability.