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Adrian:
The picture is not so black and white. Neely has
attempted to make EW more rigid by adding rules to each pattern. In doing
so, some argue that he has left EW and that NeoWave is a different animal.
Neely's rules lock things into "concrete," which is its main problem.
Markets are not locked but reflect changing opinions. Miner's approach is
based on Elliott where X waves, 4 overlapping 1, etc. did not exist. In
between there is the "traditional" a la Prechter. I don't think any can be
discarded in the
of
evidence that it is inferior to the others. As with most TA, it comes down
to a matter of personal choice, reflecting how one incorporates the analysis
into a trading "system" and its affect on signal quality.
Bill
----- Original Message -----
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Adrian Pitt
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, July 11, 2002 5:18
AM
Subject: RE: [RT] Re: forecasting-track
record
Earl,Miners work is good, but his EW is fairly
simplistic, but he doesput it into a form that can be used by
traders. If anyone truly wantsto understand markets better and apply
Elliott Wave in a far more accurate and scientific way there is ONLY ONE
SOURCE of goodinformation.and that's Glen Neely's book. I
STRONGLY WARN readers though not tobotherWith it unless EWT really
takes your interest. It's a big book andEVERY PAGEhas critical
information on it, so lots of learning and practicing. Butitworks,
impeccably. Its not a book about trading though, only
accuratewavereading. Adrian> -----Original
Message-----> From: Earl Adamy [mailto:eadamy@xxxxxxxxxx] >
Sent: Thursday, 11 July 2002 1:46 AM> To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>
Subject: Re: [RT] Re: forecasting-track record> > > I
think you make two valid points: know how to do the counts > yourself
and be able to control/apply your own counts when > you don't like the
automated counts. I highly recommend the > simplified EW approach used
by Robert Miner in his Dynamic > Trader book ($100 with full money back
guarantee at> <A
href="http://www.dynamictraders.com";>www.dynamictraders.com) ... I don't
use the DT3 software. I'm > not familiar with EW3 (I did have WinWaves
and didn't care > for it), however AGet which I use, allows one to
control > counts to a limited degree (short term, aggressive, regular,
> long term, plus localize) ... as a last resort I just turn >
the EW counts off and apply my own labels.> > Earl>
> ----- Original Message -----> From: "wavemechanic" <<A
href="mailto:wd78@xxxxxxxxxxxx";>wd78@xxxxxxxxxxxx>> To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>>
Sent: Wednesday, July 10, 2002 9:28 AM> Subject: Re: [RT] Re:
forecasting-track record> > > > -----
Original Message -----> From: Karen
Beckwith> To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 10, 2002 10:16 AM> Subject: Re: [RT]
Re: forecasting-track record> > >
Jeff:> Looking for a holy grail? Have u ever looked
into the EW3 > (Elliott Wave)> software? I
can't find anyone who uses it, but it sounds > awfully
good.> Anyone here familiar w/ EW3?>
> I have not used EWII but did use the previous version
> WinWaves, and EWII is supposed to have a better analysis >
engine. However, a couple of thoughts. What is the correct
> count? There are many counts and in the last analysis the
> only one that is right is yours. So being able to do your
> own count is important, and the software is a tool to >
increase your efficiency and, perhaps, help you over the > rough
spots. Having said that, one important feature that I > would be
sure to have is the ability to input my count and > see how it
plays. Most EW programs do not have this option, > but if I
recall correctly ELWave does. FWIW.> > best
wishes,> karen> ps - May the force be
with you.> :>)> :>)>
> ----- Original Message -----> From:
"jeff97_98_1998" <<A
href="mailto:jprroth@xxxxxxxxxxx";>jprroth@xxxxxxxxxxx>>
To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>>
Sent: Sunday, July 07, 2002 9:50 AM> Subject: [RT] Re:
forecasting-track record> > >
>> > "If one tries to fight these forces they will be
destroyed. If one> > can unite and redirect these forces
to> > ones advantage, one should be able to progress
quite swiftly."> >>
>> > Sounds like a re-run of Kung
Fu.> > Grasshopper, my son, be of unity with the
universe.> > Now catch this fly in my
soup.> >> > Please enlighten me,
how does one unite and redirect > these forces to>
> ones advantage?> >> > How do
I redirect a drought in the midwest, terrorist > attack
crashing> > the S & P , lumber import regulations
vs. canadian exports?> >> >
Fundamentals, schmundamentals, blah, blah.>
>> > I have the force, the unity, the
polarity...> >> > Beam me up
Scotty, for I have discovered how markets> >
work, yet I waste my time trolling for fish.> >
Why is that?> >>
>> >> >>
>> >> >>
> --- In realtraders@x..., "Norman
Winski" <nwinski@x...>
wrote:> > > Reinar,> >
>> > > From one sailor to another,
when one's sailboat hits > a sand bar,> >
that's> > > called running a ground and that's not a
good thing.> > >> > >
I know it's time for me to take a vacation. Your > sailing
metaphor> > is> > > starting to
make sense to me.<G> Seriously, I agree > that
sailing> > is a good> > >
analogy for trading, but not for the reasons you have stated.
I> > think> > > sailing is a
good analogy for trading because in order to be> >
successful, one> > > must join with the huge natural
forces at work. If one tries to> > fight
these> > > forces they will be destroyed. If one can
unite and > redirect these> > forces
to> > > ones advantage, one should be able to
progress quite swiftly.> > >> >
> Gann fans - the ideal position to attain maximum speed > is
to have> > the sail> > > at a
45 degree angle to the wind.> > >>
> > Nautically,> > >> >
> Norman> > >> >
>> > >> > > -----
Original Message -----> > > From: "reinar2020" <<A
href="mailto:reinar2020@x";>reinar2020@x...>> >
> To: <<A
href="mailto:realtraders@x";>realtraders@x...>> >
> Sent: Sunday, July 07, 2002 12:33 AM> > >
Subject: Re: [RT] forecasting-track record> >
>> > >> > > >
Elk> > > >> > > > Not
only will I continue to use sailing as a metaphor > but I
will> > > > expand the use. There are several
reasons. Selling to "the> > traders">
> > > market is too limiting and more imortant.... If you can
think> > like a> > > >
sailor you can think like a profitable trader......> >
> >> > > >> > >
> If you have ever been sailing you would know that it > is kind of
a> > > > zen like experience where you have a very
specific > focus. All the> >
BS> > > > that is provided by the media etc is
gone.> > > >> > > >
There are other advantages. Any monkey can draw an > Andrews
line> > and> > > > if you
read his totally incomplete "free" 60 page > lit.... at
any> > > > time there are at least 20 or so that
come in > tomorrow. So which> > > > ones do
you use? Rather than take the standard > approach of
here> > are> > > > the lines
.....let get overwhelmed with stuff that is >
useless.....> > > >> > >
> I will focus upon about 3 kinds of sand bars and a
marker.> > > > I did something similar in Vienna
seminars and the > sucess rate of> > > >
the students over a long time period was very high.> >
> >> > > > Focus upon the chicken ( the end
result.. you really > want ) not on> > > >
the eggs.> > > >> > >
> We look for 4 things...> > >
>> > > > 1) sand bars (support and resistance
lines) where > prices stop for> >
a> > > > bar or 2 and then go
through> > > >> > > >
2) sand bars where prices go through and then go back to it
to> > touch> > > > it before
continuing in the proper direction> > >
>> > > > (the above are very handy for adding
on positions or > getting in> >
with> > > > definable risk....the other side of
the sand bar line)> > > >> >
> > 3) and finally sand bars that are likely to produce a >
tradeable> > > > pivot ....like i pointed out on
thursday in an email > I sent out.> > >
>> > > > 4) and then how to find markers
(probable future pivot points)> > >
>> > > > Now instead of learning how to draw
all of those > silly lines you> > > >
learned how to draw lines that produced the above >
.......wouldn't> > > > Andrews really work
.....and very easily at that?> > >
>> > > > Oh by the way did you ever learn what
the Andrews > "ROS" line was?> > > >
Hint....its a sand bar.> > > >>
> > >> > > > Regards>
> > > R> > > >> >
> >> > > >> > >
> --- In realtraders@x..., Infernal Elk
> <infernalelk@x...>
wrote:> > > > >> > >
> > >> John either you are blind or you faded the
forecast.> > > > > >> ...or does
north mean go short to you?> > > >
>> > > > > >>
R> > > > >> > > >
> maybe if you spoke in market terms rather than > cryptic
pseudo-> > > > poetic> >
> > > "nautical" terms, people would understand
you.> > > > >> > >
> > if your desire is to communicate, then do so > CLEARLY.
if your> > > > desire> >
> > > is to tease and to draw people in to buy your > product
you'll do> > > > better> >
> > > to speak clearly as well.> > > >
>> > > > > we're not sailors. we're
traders.> > > > >> > >
> > - *lk> > > >> >
> >> > > >> > >
> To unsubscribe from this group, send an email to:>
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> > >> > > >> >
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>> >> >>
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