Re: [RT] Gann Fan on the Bonds

[c_r@xxxxxxxxx]

Bill,

I'll probably incur the fury of scientific wave counters, but IMHO wave
interpretation is more art than science.  Give four Elliotticians a
chart and you'll have four to eight interpretations ;-).  Years ago
Robert Prechter used to stress the importance of keeping an alternate
count.  There are some fundamental points -- Jeff noted that in an
impulse wave w4 could not overlap w1 -- but accurate intepretation of
corrective patterns is only after the fact.  Harry Truman once said
he wanted a one armed economist who couldn't say "on the other
hand"; much the same applies here.

Charles Marchand
At 05:55 PM 11/2/00 +0000, t-bondtrader wrote:
 
I've got other points to ask, but let's get
this aspect over first, as obviously the science of the waves is vital
and what has passed I assume must be read and agreed by all.  
Obviously it is the future which everyone will have a different take
on...
 
Bill Eykyn
 
 
 
 






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