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James Semmons
At 07:23 PM 2/22/98 -0800, Carlos Lourenco wrote:
>Robert wrote:
>
>> I'm interested in your experience with elliott waves..
>> -What time frame (minutes,days,weeks,etc) do you use when looking for
>> elliott waves in the DOW or other futures?
>
>The only reliable waves I've found occuring on the Dow is on the daily
>chart...anything else (hourly, weekly, etc) is people's imaginations.
>
>> -Have you ever tried the WinWaves or other wave finding software?
>
>I've had a copy of WinWaves on my computer for a test. It looks nice but it
>will never count the waves right. You CANNOT computerize Elliott the way
>these vendors claim.
>If you could THEY would own the exchanges.
>
>> -What is the best instructional resource for elliot wave theory?
>
>Start with Prechter's "Elliott Wave Principle" everything else out there
>pretty much copies it.
>
>> -How often in 12yrs have you seen waves?
>
>Elliott Waves occur in the Dow several times a week, month. The trick is
>that there are mathematical ratios/formulas used in conjunction with the
>wave count in order to arrive at a particular count with any certainty.
>This cannot be done with futures/commodities prices nor with any
>commercially available software.
>
>Carlos Lourenco
>lourenco@xxxxxxxxxxx
>
>
jsemmons@xxxxxxxxxxxx
http://members.sockets.net/~jsemmons
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