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<FONT face=Arial color=#0000ff
size=2>Bill,
<FONT face=Arial color=#0000ff
size=2>
Thanks
for some intelligent conversations for a change :-) I do disagree with you
though..and I'm not talking from a theoretical viewpoint. I've been
applying his techniques on the local market here in Australia..and to be honest.
I've never seen any public material from others here in this country to remotely
come close to the accuracy that Neely has enabled me to reach. This is
well over 10 years of REAL TIME wave counting with all material published
publicly for free on the net BEFORE the event. Now I'm no guru...and
Neely's work isn't black and white, and isn't the be all and end all...I've
never claimed it to be. But it DEFINITELY is an accurate extension of
Elliott's original work...it is NOT a different animal at all. ALL of
Elliott's rigid guidelines still remain...few as they are. That is the
problem...there are so few that people can pretty much put any count on a chart
they like.
<FONT face=Arial color=#0000ff
size=2>
Neely
has made wave counting MORE rigid...not totally rigid..there is still much
grey. And of course Neely tries to lock things in concrete!! What
use is a method if there isn't something concrete to it? How many people
on this list can differentiate between a wave 'b' in a flat or zig-zag? Or
decide if it might be an X wave? I can do it easily and accurately almost
every time. It enables me to reduce the number of wave count alternatives
by a quantum leap. I used to believe X waves where a crock.....now I see
they are not..and make perfect sense both logically and reality wise. 4th waves
can and do overlap wave 1's...and there isn't anything wrong with that....it
immediately tells you it is a certain kind of 5 wave pattern..nothing
complicated..just technical.
<FONT face=Arial color=#0000ff
size=2>
Make
no mistake..Miner's approach is no different to Prechter's and any other Elliott
book out there...ALL of them are exactly the same..simply because they make
little attempt to take Elliott's work to the next level. Neely is the only
one I know who has attempted and succeeded....well for me anyway....and I only
do wave counts on the local equity index..nothing else. Its my
speciality..and has been for over 20 years.
How
you convert all this information into trading signals though is another matter
entirely and not part of this discussion.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Adrian
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px">
<FONT
face=Tahoma size=2>-----Original Message-----From: wavemechanic
[mailto:wd78@xxxxxxxxxxxx] Sent: Thursday, 11 July 2002 11:00
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Re:
forecasting-track record
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 <A
href="mailto:realtraders@x";>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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href="mailto:realtraders-unsubscribe@x";>realtraders-unsubscribe@x...>
> > >> > > >> >
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> > >> > > >>
>> >> >>
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>> >> >>
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