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Too many people attempting to use it without knowing all of the "rules".....
read Glenn Neely's book on "Mastering Elliott Wave" and you'll see what I
mean......
it's pretty incredible......lots of room for interpretation as well.
I just wonder if EWT seems to work because when markets go from high to low,
it's profitable to buy, and
when they go from low to high, it's profitable to sell......unless it's
January 2000 and you are selling the Nasdaq 100 !!
> -----Original Message-----
> From: Jimmy [mailto:jsnowden@xxxxxxxxx]
> Sent: Wednesday, June 21, 2000 2:47 PM
> To: William Wood
> Cc: Omega List
> Subject: RE: A Quick Poll
>
>
> Tyros, newbies and fools. Too many instruments to trade and too many
> interpretations of EWT.
>
> Common belief is if everyone traded the same system their would
> be no buyers
> at the sell signal and no sellers at the buy signal. We will
> never get that
> many people to trade it the same way. Hell Prechter couldn't get
> the waves
> right all the time.
>
> Jimmy non-tyro
>
> -----Original Message-----
> From: William Wood [mailto:wrwood@xxxxxxxxxx]
> Sent: Wednesday, June 21, 2000 2:41 PM
> To: Phil Lane; Bob Fulks; TradeWynne@xxxxxxx; Jimmy
> Cc: Omega List
> Subject: RE: A Quick Poll
>
>
> I have read this many times but have never seen an explaination.
> Why would
> a technique that works initially no longer work just because a
> lot of people
> start using it. For example, many say the Turtle methods no longer worked
> because they became too well known. Seems to me that the self-fulfilling
> theory would kick in when more people use the technique and make it work
> better not worse.
>
> Regards
>
> Bill Wood
>
> -----Original Message-----
> From: Phil Lane [mailto:patterntrader@xxxxxxxxxx]
> Sent: Wednesday, June 21, 2000 12:05 PM
> To: Bob Fulks; TradeWynne@xxxxxxx; Jimmy
> Cc: Omega List
> Subject: Re: A Quick Poll
>
>
> Bob wrote:
> I just think that if it works, it is
> > because people think it will and make it self-fulfilling.
>
> But what about the competitive aspect? I.e., the more people that
> know about
> something the WORSE it works.
>
> Just a thought,
> Phil
>
>
>
>
>
>
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