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David Hunt wrote re:Elliott Wave trading:
Stick to markets that have a clear set up and are in or about to be in
impulsive moves.
RT'ers,
David has hit the nail right on the head. While the Indices may show
better wave patterns, individual issues are many a times too clouded to
label any wave count. Elliott himself in both his treatises mentions US
Steel just once but all the time talks about indices. Unless the charts
show clear wave patterns it is better to confine wave counts to larger
degree moves only. Robert Miner (www.dynamictrader.com)also suggests
something similar. Check out his website and read the tutotials. The man
talks a lot of sense.
Dr. Narayan
Bombay, India.
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