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<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Ken Close
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, June 17, 2004 12:27
PM
Subject: RE: [amibroker] Re: Identifying
Elliott Waves using AFL
<SPAN
>Bill: yours is well
stated, perhaps understated.
<SPAN
>
<SPAN
>DT: for perspective,
if you receive PDF attachments from the first post, attached is a semi weekly
newsletter item (most recent) by a person name Gayer in which extremely
complex waves are described in minute detail. I have been collecting Mr.
Gayers pdfs for 6 months or more and marvel as he changes some definitions and
coins new terms to keep his projections of many months ago
intact
<SPAN
>
<SPAN
><FONT
color=#800000>I gave up on "Gayer the Moving Target" a while back, but he is a
good example of the detail and manipulation that is done when EW is used to
generate trading signals.
<SPAN
>
<SPAN
>. It is quite
interesting, but as Bill says, serves a background “information” of a
sort. Many Elliot Wavers will sometimes (innocently or not) change their
wave labeling in order to match some preconceived notion they have of what the
market “should do”.
<SPAN
>
<SPAN
>There is or was an EW
program called ElWave which, as I recall, would analyze a chart and churn and
churn and put up a little dialog box with the number of “combinations” of wave
counts that the program analyzed and show you the top x percent of repeating
wave counts. At times the counter would run into the millions of
combinations that the program was analyzing. (I often wondered how it did this
on my slow older computer, but the numbers on the screen “could not
lie”.)
<SPAN
>
<SPAN
>You hit me pretty
hard in a previous message about an innocent comment I made about “not being
able to program something in AFL”. I believe it was the Advanced GET
hidden proprietary codes for the ellipse. (I was happy to see that the
effort went from ellipses to parabolas, and it is out of such connections that
real innovations are made.) I have publicly and privately
acknowledged your extreme skill in programming creative AFL constructions, but
I dare say that EW analysis and all of its many (subjective) aspects can not
be put wholly into AFL. As Bill says, however, should you try, then good
luck.
<SPAN
>
<SPAN
>And thanks for all
your contributions and efforts.
<SPAN
>
<SPAN
>Ken
<SPAN
>
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