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Steve, Miner takes the second approach ... stating clearly in his work
that about 50% of EW is tradable and the rest should be ignored. I am
indebted to him for making EW practical enough for day to day use in my
trading.
Earl
----- Original Message -----
From: "Steven W. Poser (psn)" <swp@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Friday, November 17, 2000 8:39 AM
Subject: RE: [RT] Elliott Wave
> Earl -
>
> I am only familiar with Bob Miner's work on a second hand basis. I
have seen
> positive and negative reviews of his stuff, though far more positive
than
> negative. I definitely agree with the overly complex approach not
making
> sense. Miner's approach though says that maybe it works and maybe it
does
> not -- at least according to what others have told me. To me, that is
not
> totally valid either.
>
> However, if Miner is saying there are times where wave counts are not
> decipherable (as in during complex corrections) and you should not
waste
> time trying to take s-t trading cues from them, I would agree. That
said, a
> complex correction may be bit of information one could use to come up
with
> an options trading strategy.
>
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