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Bill
What has your exerience been with wave counts on a
larger time frame for instance weekly, as a genral
guideline? Are they less infallible and dont require
fitting the curve so to speak?
Rakesh
--- wavemechanic <wd78@xxxxxxxxxxxx> wrote:
>
> ----- Original Message -----
> From: Ken Close
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Thursday, June 17, 2004 12:27 PM
> Subject: RE: [amibroker] Re: Identifying Elliott
> Waves using AFL
>
>
> Bill: yours is well stated, perhaps understated.
>
>
>
> 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
>
>
>
> 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.
>
>
>
> . 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”.
>
>
>
> 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”.)
>
>
>
> 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.
>
>
>
> And thanks for all your contributions and efforts.
>
>
>
> Ken
>
>
>
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