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To: BigBull who wrote (39913)3/14/1999 4:08:00 PM
From: Gary Burton  Respond to of 95453
 
BigBull--Go to elliottwave.com --Ignore Prechter's lousy timing, his site has good background info. Somewhere from that site you can find an online tutorial for free on EW in 25- odd daily lessons (but 1 day at a time)...go to your library and get hold of "the elliott wave principle (I think) by A.J Frost and R.L Prechter..an old book but still the bible......btw Wolunchuck just reads the waves differently than P. So far, he has been right. P remains steadfastly bearish. Who knows if W will stay right....To many its 'voodoo' as Mike says while to others it at least offers a plan from which to guide one's investments rather than the usual gut feel way (or even worse, the FA way-vbg). It more often than not works for me and keeps me out of trouble. My biggest problem seems to be that I try to fine tune the waves to individual stocks too much-the EW principle is a social trend idea and more geared to highly liquid indices than individual stocks. The less liquid the less applicable. Fortunately, the osx stocks are mostly highly liquid. fwiw