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Barbara,
I agree. I find Elliott useful to get an idea of what a market may do and
then use normal trend following tools to enter or exit if the market
confirms the Elliott perception. The run up in Silver was probably the best
example of this.
David Hunt
http://adest.com.au
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| From: Barbara Thompson <bthompso@xxxxxxxxx>
| To: realtraders@xxxxxxxxxxxxxx
| Subject: GEN: Elliott Wave
| Date: Wednesday, March 18, 1998 12:40 PM
|
| Hi Traders,
| I use an Elliott Wave add on by DeMark on SuperCharts that I find
| helpful, but more as a confirmation of other indicators. The wave is
| plotted for you so that nothing is left to interpretation.
| Actually the Wave Theory is quite fascinating. It is not so much a
| theory as it is an observation of nature and an application of those
| natural laws to our behavior as traders.
| Barbara
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