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Humphery,
I sure am an adherent of EWT. I believe that the five wave pattern repeats
over and over again. There is so much evidence to that effect that you have
to be blind not to recognize it. Trouble with EWT is that it is so
subjective 10 different analysts get ten different ideas on patterns.
The answer to the rest is yes. First you said ever, and for ever is
infinite allowing for any possibility. My projections for the US stock
market show that it should make about 10000 in the near future, however;
until we have new highs this guesstamation could fail. The crash of '29
started with a failure of the banks in Australia now we have bank failures
in Japan and Thailand. Even the crash of ‘29 was initially only a 52% pull
back but by 1932 the retracement was about 90% you could say it has gone up
since then. Will history repeat ? I think that some time it will repeat
but I wont go out on a limb and say it's now. Try this link, I know there
are more but to my knowledge this is best. http://www.tradingtech.com/
Best Regards,
Brent
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> From: Humphrey D. Geiseb <hum@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Elliot Wave Theory & The Markets
> Date: Thursday, January 08, 1998 10:52 AM
>
> I am just trying to learn if there are any adherents of the Elliot Wave
> Theory(EWT) on this list. If so, how relevant is the theory to the
> modern-day markets. Assuming that EWT has relevance, is it correct to
> expect that some markets that are down 40-50 per cent since 1 Jan. 1997,
> will ever return to this levels. In the same vein, does EWT state that
> markets that are 'up' by 200-300 per cent, can one day be down by the
very
> same margins. Any links of Elliot's theory on the web would be welcome.
>
>
> Just wondering.
>
>
> hum.
> Moscow
>
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