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That is what I said. Neely is Neely Wave. It might be better than Elliott,
but it is not Elliott, in my opinion. Elliott is Elliott Wave. We've been
through this before Peter. Not going through it again.
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
-----Original Message-----
From: Peter [mailto:derivatives@xxxxxxxxxxxxx]
Sent: Friday, November 17, 2000 11:53 AM
To: realtraders@xxxxxxxxxxx
Subject: Re: [RT] Elliott Wave
"You cant get a little bit pregnant"..........there is only one elliott, &
theres no inbetween or more or less. A market only has one correct answer,
so only one correct elliott approach.
Regards
Peter Karaguleski
Nam Et Ipsa Scientia Potestas Est
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Saturday, 18 November 2000 1:53
Subject: Re: [RT] Elliott Wave
> While not a purist's approach to EW, I think that there is a great deal
> to be said for simplicity ... if the pattern is clear, it can be traded
> and if it's not clear one should stand aside until it is clear. Not that
> one might not miss some trades from correct interpretation of complex
> patterns, especially all those zig zags and complex's, but trading is a
> business of stacking the odds in one's favor so risk/reward should be
> more favorable where the patterns are clear. For those reasons I prefer
> Robert Miner's simplistic and straightforward approach to EW.
>
> Earl
>
> ----- Original Message -----
> From: "Steven W. Poser (psn)" <swp@xxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Friday, November 17, 2000 7:39 AM
> Subject: RE: [RT] Elliott Wave
>
>
> > For some reason, my previous response did not get through.
> >
> > I have the Neely book. He has taken EWave beyond anything Elliott
> wrote to
> > the degree that it does not look like EWave anymore. The book is a
> tough
> > read. Neely may be an excellent analyst, but this book is not for
> beginners.
> > Every rule has 20 other rules attached to it. Wave counts from Neely
> > followers look nothing like anything written by other EWavers. That
> does not
> > make it wrong or right, it just means that it is not what Elliott
> wrote (in
> > my opinion).
> >
> > You should get the book by Prechter/Frost of Elliott's original works.
> Or,
> > for the self-serving part of me, the book "New Thining in Technical
> > Analysis: Trading Models From the Masters" and read the chapter that I
> wrote
> > on Elliott.
>
>
>
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>
>
>
>
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