Actually Prechter was using option spreads in that
contest. In an age of what now seem ridiculously high commissions, he was able
to trade for very negligible cost. Much easier to take advantage of market
anomalies under those conditions 20 years ago. Plus since the margin on some
of those 4 legged spreads is very low, the percentage return is very high.
While Prechter is to be admired for many things and congratulated on his
successes, trading and even analysis is not his forte.
Also the EW book was written by A.J. Frost. Prechters
contribution was the social commentary aspects at the end.
----- Original Message -----
Sent: Friday, February 22, 2008 10:06
AM
Subject: RE: [RT] Download Free Elliott
Wave Theorist (normally priced at $29)
I tend to
agree.
I use Elliott Wave and thus
am a proponent. However, I have noticed over the years for Prechter to get
very stuck on his analysis.
I think it worthy of mention
that some years back Prechter entered one of those trading contests, used EW
and posted returns – if memory serves – in excess of 400% per
annum.
He does know EW. He
just gets stuck from time to time as many of us do.
Regards,
Bob Pardo
From: realtraders@yahoogroups.com
[mailto:realtraders@yahoogroups.com] On Behalf Of
delta88343@xxxxcom
Sent: Thursday, February 21, 2008
11:40 PM
To:
realtraders@yahoogroups.com
Subject: Re: [RT] Download
Free Elliott Wave Theorist (normally priced at
$29)
Does this
mean you're not a Prector fan or not an Elliot Wave
fan?
Just curious
if there is a distinction, and if so, why?
In a message
dated 2/22/2008 12:03:38 A.M. Eastern Standard Time,
bobskc@xxxxxxxxxnet writes:
Prector is still around
huh? Every time the market sinks a bit, his name returns to the
media so it's not really surprising I guess. By the time he was
right about the markets from the '90's, his followers had to all be busted
but I guess there is a new crop now.
Bob
At 10:31 PM
2/21/2008, you wrote:
Download Free Elliott
Wave Theorist (normally priced at $29)
EIliott Wave International
is giving away one of Bob Prechter's most recent Elliott Wave Theorists.
You can read his publication free of charge. Single issues are normally
priced at $29.
http://www.elliottwave.com/a.asp?url="">club/free-theorist.aspx?code=aff&cn=6tgt
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