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<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Nick
Ali
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, July 11, 2002 1:23
PM
Subject: Re: [RT] Re: forecasting-track
record
I have to say EW always seemed to have too many if this then thats. I
found it confusing so have never really persued his techniques past basic
theory. I recently read a book by Tony Plumber (I think) and it all made
loads more sense. In a nutshell he pointed out that markets move in 3 wave
cycles. If you join together two 3 wave movements (in the same
direction) you get the 'classic' 5 wave with the 1 of the second cycle of
waves joining the 3 of the first (its much much easier when drawn). It all
becomes much easier when you are using the smallest 'building block' to make
up your patterns.
As Miner notes, that is all that
Elliott said.
Cheers,
Nick.
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