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Don't know whether its true but someone told me Elliot who wrote the Elliot wave theory actually died bankrupt............ that explains a fair amt....
Divya
superfragalist <no_reply@xxxxxxxxxxxxxxx> wrote:
Here's an old Connie Brown article from TASC. Nothing in here says E Waves work. Program E Waves into a systems tester and see what you get. You can't do it because there's no agreement on what an E Wave signal is.
http://www.aeroinvest.com/interviewSC.pdf
It sounds like Constance is a chart reader, who uses Gann and Elliot to give her confidence in her chart reading.
I'm not asking for the name of someone who uses E Waves or Gann or Murrey Math. I'm asking for a professional systems developer who has tested them in unbiased computer simulation tests.
Van Tharp and LeBeau have both done extensive tests on random entries where a coin was filpped for picking which stocks to buy. Each used some sound money management techniques and exit strategies. In all of
their tests they had a profitable trading record.
The point is entry selection is not the problem. Almost anything works. At least with Van Tharp and LeBeau you could test it. You can't test E waves.
How do you explain people who use astrology for trading. Have you read Introduction to Astrological Technical Trading by Myles Wilson Walker
Contents
Planet glyphs, Wheel explaination Terms Fixed (Automatic) Astro Cycles and examples -Stock Indexes, Grains and Bonds How to Find Fixed cycles for any Stock or Commodity Planetary Ingress, Retrograde - Direct planets as a Cycle timer Jupiter Ingress and Soybeans, Repeating Aspects How to Find the Dynamic astro Cycle for any Stock or Commodity Natal Astrology, Bradley Indicator, Time by Degrees
This sounds like Gann and Elliot all over again.
I've posted the reference several times to a site that's based on Asian astrology.
Use
Four Pillars astrology and I Ching to time your investment decisions.
http://www.fourpillars.net/finance/index.html
If you track this guy, you'll quickly learn he's right a lot of the time. It's all in the year of the moon dog!
Gann and Elliot would have been all over the I Ching. Count on it.
Too bad they didn't get that incorporated into their trading sooner. Those charts would have been much easier to read.
If have doubts about what I'm saying read: Fooled by Randomness. That should put some perspective into it.
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