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You are quoting me out of context. If "bad calls for the 90's"
refers to the identification of a cycle top of an economic
and cultural cycle spanning centuries, an error rate of 13 years as
Bill suggested, would be insignificant *relative to that cycle* and
would probably be considered the forecast of the century. If you
decide to use such a forecast as a trade signal for your 1min chart
and an "opportunity" to lose your life savings, you can only blame one
person, and it is not Prechter.
I did not say Prechter made "brilliant calls", I think he has a
brilliant intellect and I value his contribution of formulating a
scientific basis for the wave principle. I am unaware of any
specific market calls by Prechter, good or bad, aside from his "big
picture view". I make my own "brilliant calls", but since it was
Elliott and Prechter who made me aware of fractals in financial
markets (years before Mandelbrot decided he discovered them) I give
them credit for my success.
BAK
Earth to Brigette:
> Prechter's "bad calls for the 90's" neither
> invalidate him nor his method.
LOL.... unless you happen to be one of the poor saps who lost his life
savings betting on Prechter's brilliant calls. "I'm living in a van
down
by the river but I'll be right some day; you'll see."
--
Dennis
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