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Making money with Elliott requires a highly developed sense of market
intuition. Rules are broken on a regular basis. For instance 5 wave declines
off a high in an up market are a sucker bet short most of the time. Or how
about the w5 that is an abc. In my experience (15+ years with Elliott),
geometry methods are much, much more accurate and useful. Time spent with
Gann squares or even pyrapoint-type tools is much more valuable than time
with Elliott. Robert Miner has done a lot with fib time, but I have never
found it to neatly correlate with waves.
Chris
----- Original Message -----
From: "Tony" <Sanctuary@xxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Sunday, May 30, 2004 10:28 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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