|
PureBytes Links
Trading Reference Links
|
Robert Miner in his book Dynamic Trading gives the following good advice at
the beginning of his Elliott Wave chapter:
"Markets only exhibit a useful Elliott wave pattern about 50% of the time.
Traders who try to apply an Elliott wave count to each market at all times
and under all conditions are usually forcing a wave count just for the sake
of exhibiting a wave count. Market analysts who limit their entire technical
approach to Elliott wave analysis are notorious for doing this. Practical
traders recognize when Elliott wave analysis is applicable to a market
condition and when it is not."
|