[RT] AGet EWave counts

[B W <tradewynne@xxxxxxxxx>]

Ewavers and AGET users,

I wonder how you guys resolve the counts from the Y2K top(s).
To my way of thinking it's hard to see the AGET "1" down
as an impulse down. I understand GET only looks back X bars,
so what do you do when GET is clearly wrong? Check the
SpxFailed5th.gif. AGET counts the abc to 4 as "1." This changes
everything from there forward in the longer term counts. See
SpxFailed5thABC.gif.

My next question for the ultra bears: if we are in .3 of 3 why
are we seeing several of the best breadth ratios of the
last few years? The red sub-chart is the daily A-D ratio.

Last, I know some count the first Y2K decline as a short 1,
followed by a larger 2. To me this is a complete distortion
of the basic patterns. Wave 2 is 2500% as long a 1. See
Spx2is2500%of1.gif.

On a general note concerning Elliott: some of my best trading
periods ever were the result of pure Elliott Wave trading.
Moreover, some of my favorite systems attempt to quantify
basic Elliott Wave ideas (identify impulse vs corrective
swings and fade the corrections). I think there is value in
Elliott.  All that said, over the years, I've evolved into
more of a mechanical trader. It's just less subjective and
less work. When you are on the right side of an EWave count
trading can be sweet, but when you've got it wrong you just
get killed. Look at Prechter.

BW


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SpxFailed5th.gif

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