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Bill, I believe you're right. Old 1-2-3 EL code I have
on file indicates that it is using Elliot wave theory.
- John
-----Original Message-----
From: Bill Wynne [mailto:tradewynne@xxxxxxxxxxx]
Sent: Monday, December 04, 2000 4:35 PM
To: sstyers@xxxxxxxxxxxxx; omega-list@xxxxxxxxxx
Subject: Re: support/ resistance
>From: sstyers <sstyers@xxxxxxxxxxxxx>
>Reply-To: sstyers@xxxxxxxxxxxxx
>To: omega-list@xxxxxxxxxx
>Subject: Re: support/ resistance
>Date: Mon, 04 Dec 2000 09:09:30 -0500
>
>Bruce Gould called this pattern the 1-2-3 back in the seventies. Others
>have also taken this idea attempted to commercialize it.
Actually, what folks are selling as the 1-2-3 method is a piece of R. N.
Elliott's (0)-1-2 (of his "5 waves," AKA impulse waves) circa the 1930's.
>From what I hear someone had written about 1-2-(3)'s before him too. The
cup
and handle is a little different IMHO.
Bill Wynne
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