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The guys at the TurtleTrader.com site go even farther. They say that
it's a waste of time to use ANY indicator other than price breakouts.
I'm not saying I agree, but that's their view. They recently issued a
challenge to anyone who can unequivocally prove that use of Elliot
Wave is anything other than nonsense.
Al V.
--- In amibroker@xxxx, "Herman van den Bergen" <psytek@xxxx> wrote:
> "Oscillators such as RSI, stochastics, Williams %R, etc. are all
> designed to help people who are trying to pick tops and bottoms.
> In my opinion, this is a fool's game." Van Tharp in "Trade your
> way to financial freedom" (p219).
>
> How many fools do we have on this list?
>
> Herman
> a fool :-)
>
> Ps. First reading done, tomorrow I'll study the good stuff:
> Expectancy and PositionSizing.
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