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I never use 'whatever signal' as a the holy grail.
It's just that I believe that you can do a few things to increase the change of
success.
When an airliner stock is overbought and we have another 9/11 combined with SEC
investigation I would be more bearish then bullish on that stock.
Before entering a trade I like to estimate the R/R ratio.
So it's just an extra indicator for me...
>Elliott as a basis for "predicting" where a market will go is useless. Waste
>of time.
>Elliott, when used within a trading "framework"/plan, may be of use.
>As a matter of fact, the more you learn of the theory, the less profitable
>you'll likely be.
>Trading does NOT have as much with predicting the market as most beginners
>are led to believe.
>
>
>
>
>----- Original Message -----
>From: "Tony" <Sanctuary@xxxxxxxxx>
>To: <omega-list@xxxxxxxxxx>
>Sent: Sunday, May 30, 2004 7:28 AM
>Subject: Elliott waves
>
>
>> Hi list,
>>
>> I'm reading about Elliott waves. (EW)
>> The basics look simple but mastering EW looks very tricky.
>> EW only calculate price targets but not the time when to expect them.
>> But still EW has waves of diffrent magnitudes.
>> And those waves represent time.
>> So my question is "Is it possible to somehow estimate the date the price
>level
>> will be reached? For example by comparing the 'time length' of waves."
>>
>>
>> Regards,
>> Tony
>>
>>
>
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