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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (4596)	1/22/1999 10:41:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

>>> Prechter's mistake is to interpret Elliot on a century long basis<<< absolutely You can see the five wave principle in many charts, even in oscillators, frequently. That is a great contribution to technical analysis. But for someone like prechter to be calling for the end of the world since 1987 is downright silly. Although if it ever happens, he will, with a straight face, say - see I told you. By the way, Elliades's has an indicator that equates the 1942 - 1960's move with the 1982 - ? move. (hint- 23 years) He seems to ignore it.